8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  April 22, 2008

AMERIPRISE FINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32525	13-3180631
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)
55 Ameriprise Financial Center
Minneapolis, Minnesota		55474
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code  (612) 671-3131

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02     Results of Operations and Financial Conditions.

On April 22, 2008, Ameriprise Financial, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of 2008.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference and furnished herewith. In addition, the Company furnishes herewith, as Exhibit 99.2, its Statistical Supplement for the quarterly period ended March 31, 2008.

We follow accounting principles generally accepted in the United States (GAAP). The press release furnished as Exhibit 99.1 and the financial information furnished as Exhibit 99.2 include information on both a GAAP and non-GAAP adjusted basis.

Certain non-GAAP measures in these exhibits exclude items that are a direct result of our separation from American Express Company which consist of non-recurring separation costs. Our non-GAAP financial measures, which our management views as important indicators of financial performance, include the following: consolidated income statements adjusted to exclude separation costs; total expenses before separation costs; adjusted earnings (adjusted to exclude separation costs, after-tax); adjusted pretax income (adjusted to exclude separation costs ); pretax income before separation costs; income tax provision before tax benefit attributable to separation costs; income before separation costs; separation costs, after-tax; adjusted pretax segment income; return on allocated equity adjusted for pretax segment income; pretax operating earnings; and pretax operating earnings margin. Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflects the underlying performance of our 2007 operations and facilitates a more meaningful trend analysis. These non-GAAP measures were used for goal setting, certain compensation related to our annual incentive award program and evaluating our performance on a basis comparable to that used by securities analysts.

We also present in Exhibits 99.1 and 99.2 debt to capital ratios that exclude the effect of a nonrecourse collateralized debt obligation consolidated in accordance with Financial Accounting Standards Board Interpretation No. 46, “Consolidation of Variable Interest Entities,” as revised, and non-recourse debt of certain property fund limited partnerships managed by our subsidiary, Threadneedle Asset Management Holdings Limited, consolidated in accordance with Emerging Issues Task Force Issue No. 04-5, “Determining whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights.” Management believes that the debt to capital ratios, excluding this non-recourse debt, better represent our capital structure.  In addition, we provide debt to capital ratio information that reflects an equity credit on our junior subordinated notes issued on May 26, 2006. These junior subordinated notes receive at least a 75% equity credit by the majority of the rating agencies.

Item 9.01     Financial Statements and Exhibits.

(d)   Exhibits.

Exhibit No.	Description
Exhibit 99.1	Press Release dated April 22, 2008 announcing financial results for the first quarter of 2008
Exhibit 99.2	Statistical Supplement for the quarterly period ended March 31, 2008

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	AMERIPRISE FINANCIAL, INC.
	(Registrant)
Date: April 22, 2008	By	/s/ Walter S. Berman
		Walter S. Berman
		Executive Vice President and
		Chief Financial Officer

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EX-99.1

Exhibit 99.1

	Ameriprise Financial, Inc.
	Ameriprise Financial Center
	Minneapolis, MN 55474

News Release

Ameriprise Financial Reports

First Quarter 2008 Results

Net income per diluted share increases 21 percent for the quarter, including $0.22 of non-recurring
separation costs in the first quarter of 2007

Earnings per diluted share decreases 9 percent for the quarter, to $0.82, compared to adjusted earnings in the first quarter of 2007

New $1.5 billion share repurchase authorization announced

MINNEAPOLIS – April 22, 2008 – Ameriprise Financial, Inc. (NYSE: AMP) today reported net income of $191 million for the quarter ended March 31, 2008. The results represent a 16 percent increase from net income of $165 million in the prior-year quarter, which included $55 million in after-tax non-recurring separation costs.

Net income per diluted share for the quarter was $0.82, a 21 percent increase compared with the prior-year period. Excluding $0.22 of non-recurring separation costs in the first quarter of 2007, earnings per share declined 9 percent.

Net revenues increased 3 percent to $2.1 billion in the first quarter of 2008, primarily reflecting 10 percent growth in management and financial advice fees, partially offset by lower net revenues from certificates and fixed annuities.

Return on equity for the 12 months ended March 31, 2008 was 10.9 percent, an increase from 8.6 percent for the 12 months ended March 31, 2007. Excluding separation costs, return on equity was 12.2 percent for both 12-month periods. During the first quarter of 2008, we repurchased 5.2 million shares of our common stock for $270 million.

We also announced today that our board of directors authorized an additional repurchase of up to $1.5 billion of our common stock over the next two years. Since 2006, we have purchased $1.7 billion of our common stock.

“We were impacted by the difficult market environment in the first quarter, which is clearly reflected in our financial results,” said Jim Cracchiolo, chairman and chief executive officer. “However, we are comfortable with our underlying operating results. Our balance sheet, risk management and liquidity position remain strong. We are investing for growth while managing expenses to maintain margins.”

First Quarter 2008 Summary

Management believes that the presentation of adjusted financial measures best reflects the underlying performance of our 2007 operations as it excludes non-recurring separation costs. This presentation is consistent with the non-GAAP financial information presented in our Annual Report on Form 10-K for year-end 2007, filed on February 29, 2008 with the Securities and Exchange Commission.

Ameriprise Financial, Inc.
First Quarter Summary

					%		Per Diluted Share				%
(in millions, unaudited)	2008		2007		Change		2008		2007		Change
Net income	$	191	$	165	16	%	$	0.82	$	0.68	21	%
Add: Separation costs, after-tax (1)	—		55		#		—		0.22		#
Adjusted earnings, after-tax	$	191	$	220	(13	)%	$	0.82	$	0.90	(9	)%

⁽¹⁾ After-tax for this non-GAAP presentation is calculated using the statutory tax rate of 35%.

#  Variance of 100% or greater.

Included in consolidated net income for the first quarter of 2008 were $16 million, or $0.07 per share, in after-tax net realized investment losses, primarily driven by $20 million in after-tax impairments of three Alt-A mortgage-backed securities. This loss compares to $6 million, or $0.02 per share, in after-tax realized investment gains in the first quarter of 2007. After-tax amounts are calculated using the statutory tax rate of 35 percent.

Our first quarter 2008 results included a number of impacts from equity market declines. Significant items for the quarter are referenced below and discussed within the release. Combined, these items negatively impacted first quarter earnings by $0.23 per share in the first quarter of 2008, compared to a $0.06 per share benefit in the first quarter of 2007.

·Declines in management fees as well as increased amortization of deferred acquisition costs (DAC) and deferred sales inducement costs (DSIC) impacted results by $32 million after tax, or $0.14 per share.

·Other market impacts included increased living benefit expenses (net of hedges and DAC), losses in equity sensitive investments, lower short-term interest rates on our cash positions, and a benefit from the adoption of Statement of Financial Accounting Standards No. 157 “Fair Value Measurements” (SFAS 157). These impacts resulted in a net loss of $21 million after-tax, or $0.09 per share.

Of this $0.23 per share market impact, only $0.09 per share, related to lower asset levels and lower short-term interest rates, would be expected to continue if markets remain at current levels.

In addition to the market impacts, exceptional tax adjustments in the first quarter of 2008 increased earnings by $38 million, or $0.16 per share.

In total, the negative impact of net realized investment losses and declining markets combined with the benefit from the exceptional tax adjustments resulted in a $0.14 negative impact to earnings per share in the first quarter of 2008 compared to a $0.08 per share benefit in the prior-year quarter. A detailed schedule of this impact is included at the end of this release.

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First Quarter 2008 Business Highlights

Our results reflect the impact of the difficult market environment on asset levels and client activity in the quarter as well as strength of our business model.

·Despite market-related decreases in client activity, mass affluent and affluent client retention remained strong.

·Year-over-year improvement in advisor productivity contributed to 3 percent growth in advisor-related revenues.

·Franchisee advisor retention increased to 94 percent with total franchisee advisors growing 3 percent to 7,809.

·Owned, managed and administered assets decreased 5 percent year-over-year to $451 billion as of March 31, 2008, reflecting market declines and Threadneedle institutional outflows, partially offset by continued net inflows into wrap accounts and variable annuities.

·Wrap account total ending assets increased 10 percent to $90 billion, including $1.4 billion of net inflows during the quarter partially offset by market depreciation.

·Variable annuity total ending balances increased 6 percent to $54 billion, including $0.9 billion in net inflows during the quarter. Overall annuity net inflows of $0.3 billion during the quarter were impacted by continued net outflows from fixed annuities.

·Threadneedle institutional net outflows of $2.6 billion during the quarter were primarily driven by outflows from lower-margin Zurich assets.

·RiverSource Funds ending assets declined 2 percent to $80 billion due to net outflows of $0.6 billion and market depreciation.

·Threadneedle received two 2008 Lipper awards in the large category for Best Overall Group and Best U.K. Equity Group. In addition, RiverSource Funds re-branded Threadneedle-managed funds to introduce the brand in the United States and highlight the multi-office structure of our asset management group.

·Life insurance inforce increased 6 percent year-over-year to $189 billion.

·We launched our first branded payment cards with MasterCard Worldwide—providing clients with a suite of credit and debit products.

·Our capital position, balance sheet and asset quality remained strong, and we continued to benefit from our approach to enterprise risk management.

·We maintained substantial liquidity and have more than $1 billion of excess capital. Our excess capital position increased from the prior-year period.

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Ameriprise Financial, Inc.

Consolidated Income Statements

	Quarter Ended  March 31,				%
(in millions, unaudited)	2008		2007		Change
Revenues
Management and financial advice fees	$	791	$	722	10	%
Distribution fees	433		418		4
Net investment income	460		532		(14	)
Premiums	265		257		3
Other revenues	157		167		(6	)
Total revenues	2,106		2,096		—
Banking and deposit interest expense	20		69		(71	)
Total net revenues	2,086		2,027		3
Expenses
Distribution expenses	541		478		13
Interest credited to fixed accounts	178		217		(18	)
Benefits, claims, losses and settlement expenses	407		251		62
Amortization of deferred acquisition costs	154		134		15
Interest and debt expense	26		29		(10	)
General and administrative expense	585		617		(5	)
Total expenses before separation costs	1,891		1,726		10
Pretax income before separation costs(1)	195		301		(35	)
Income tax provision before tax benefit attributable to separation costs(1)	4		81		(95	)
Income before separation costs(1)	191		220		(13	)
Separation costs, after-tax(1)	—		55		#
Net income	$	191	$	165	16	%
Weighted average common shares outstanding:
Basic	228.4		240.7
Diluted	231.5		244.1

⁽¹⁾For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

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First Quarter 2008 Consolidated Results

Net income grew 16 percent year-over-year to $191 million. Excluding $55 million in non-recurring after-tax separation costs in the first quarter of 2007, earnings declined 13 percent.

Total net revenues rose 3 percent, or $59 million, to $2.1 billion, reflecting continued growth in management and financial advice fees driven by asset inflows partially offset by market depreciation of assets. Declines in net investment income were driven by lower certificate and fixed annuity balances and net realized losses, which were partially offset by higher investment income from variable annuity-related hedges.

Management and financial advice fees grew 10 percent, or $69 million, to $791 million, reflecting continued success in growing assets and generating financial planning fee revenue.

·Wrap account balances grew 10 percent, increasing management and financial advice fees in the Advice & Wealth Management segment by $61 million, or 20 percent.

·Variable annuity balances grew 6 percent, resulting in an increase in fees in the Annuities segment of $11 million, or 10 percent.

·Asset Management segment management and financial advice fees were impacted by market depreciation and were essentially flat.

Distribution fees increased 4 percent, or $15 million, to $433 million, primarily driven by net inflows in wrap accounts and variable annuities. Within the Advice & Wealth Management segment, distribution fees declined primarily as a result of lower cash sales.

Net investment income decreased 14 percent, or $72 million, to $460 million, primarily due to lower fixed annuity and certificate balances; declines of $36 million in other investment income, which included owned hedge fund and seed money investments; and $24 million in net realized investment losses. These declines were partially offset by living benefit hedge-related income.

·Advice & Wealth Management segment net investment income declined $56 million, or 52 percent, primarily due to the impact of hedges for stock market certificates as well as lower certificate balances.

·Asset Management segment net investment income declined $21 million, due primarily to losses on seed money and other investments.

·Annuities segment net investment income increased $12 million, or 4 percent, primarily due to increased income from variable annuity-related hedges, partially offset by declines in fixed annuity account balances, net realized investment losses and hedges related to equity indexed annuities.

Premiums increased 3 percent, or $8 million, to $265 million, primarily due to volume-related business growth. Protection segment premium growth of 5 percent, or $11 million, was driven by a 6 percent year-over-year increase in Auto & Home policy counts.

Other revenues declined 6 percent, or $10 million, to $157 million, due to the decline in revenues from certain limited partnerships consolidated under EITF 04-5. These partnerships had corresponding expense impacts primarily in the general and administrative expense line. This was partially offset by growth in cost-of-insurance fees for variable universal life/universal life insurance and increased revenue from variable annuity guarantee benefit riders.

Banking and deposit interest expense declined 71 percent, or $49 million, to $20 million, primarily due to lower crediting rates on certificate and banking products.

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Expenses

Consolidated expenses before separation costs increased 10 percent, or $165 million, to $1.9 billion, as a result of business activity, the impact of market volatility on variable annuity living benefit riders and higher amortization of DAC.

Distribution expenses increased 13 percent, or $63 million, to $541 million, primarily driven by higher sales compensation due to faster growth in our franchisee advisor platform, as well as product mix shift.

Interest credited to fixed accounts decreased 18 percent, or $39 million, to $178 million, due to ongoing declines in fixed annuity balances and lower crediting rates on equity indexed annuities.

Benefits, claims, losses and settlement expenses increased 62 percent, or $156 million, to $407 million. This increase was largely due to a $118 million increase in first quarter 2008 expenses from the mark-to-market of variable annuity living benefit riders, compared to a $28 million decline in the prior-year period. Protection segment benefit expenses increased 4 percent, or $8 million, primarily due to higher volume-related Auto & Home claims and reserves.

Amortization of DAC rose 15 percent, or $20 million, to $154 million. The impact of the equity market decline during the quarter lowered estimated gross profit for future periods, which resulted in an additional $24 million of DAC amortization compared to a $2 million benefit in the first quarter of 2007.

General and administrative expense decreased 5 percent, or $32 million, to $585 million, reflecting cost controls, lower legal and regulatory expenses and a decline in expenses from certain limited partnerships consolidated under EITF 04-5, which had corresponding revenue offsets. These declines were partially offset by increased expenses from technology enhancements.

Taxes

The effective tax rate was 2.1 percent for the quarter, down from 23.6 percent in the prior-year period, primarily due to $38 million of exceptional tax adjustments. We expect our full-year 2008 tax rate to be in the 20-22 percent range, or 24-26 percent for the remaining three quarters of 2008 and for full-year 2009.

Segment Financial Highlights

Our segment results reflect both the difficult market environment and our efforts to control expenses while investing for growth. Detailed schedules of the market impact are included at the end of this release. Segment results do not include income taxes.

Advice & Wealth Management pretax income grew 14 percent, or $8 million, to $64 million, primarily driven by growth in wrap products, as continued net inflows were partially offset by market declines. We also generated pretax margin improvements primarily driven by re-engineering resulting in increased advisor productivity.

Asset Management pretax income declined 61 percent, or $28 million, to $18 million, primarily reflecting $10 million in losses on seed money investments in the quarter. In addition, market

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declines on asset values negatively impacted revenues. Expenses remained well controlled, and we continue to invest in expanding our distribution capabilities.

Annuities pretax income declined 64 percent, or $76 million, to $42 million. The current quarter reflects a $25 million negative market impact on variable annuity DAC and DSIC amortization and $20 million in net realized  investment losses. Our living benefit hedging performed well with negative impacts mostly offset by the benefit of implementation of SFAS 157. Growth in variable annuity account values were offset by continued outflows in fixed annuities.

Protection pretax income declined 15 percent, or $18 million, to $102 million, due to a $17 million increase in amortization of DAC. We also had an $8 million benefit expense increase primarily due to higher volume-related Auto & Home claims and reserves.

Corporate & Other pretax loss before separation costs improved $8 million, to $31 million, which reflected our continued focus on expense management.

Balance Sheet and Capital

We continued to maintain a strong, high quality balance sheet. During the first quarter of 2008, we repurchased 5.2 million shares of our common stock for $270 million, essentially completing our third share repurchase authorization. In addition, the board of directors of Ameriprise Financial announced a new authorization for up to $1.5 billion through April 23, 2010.

We ended the quarter with more than $1 billion in excess capital. The weighted average diluted share count at March 31, 2008 was 231.5 million compared to 244.1 million as of March 31, 2007.

Our commitment to maintaining the safety and soundness of our balance sheet is reflected in substantial liquidity, a high quality investment portfolio, low financial leverage and our continuing actions to manage risk exposures appropriately.

·We recognized $24 million in pretax net realized investment losses, primarily due to other than temporary impairments to fair value of three Alt-A mortgage-backed securities. We’re comfortable with the valuation of our subprime and Alt-A positions and continue to monitor our portfolio as credit markets evolve.

·Cash and cash equivalents were approximately $3.9 billion at March 31, 2008.

·Unrealized net investment losses in the Available-for-Sale investment portfolio were $0.5 billion at quarter end, up from $0.2 billion at the end of the first quarter of 2007.

·The debt-to-capital ratio as of March 31, 2008 was 21.0 percent. The debt-to-capital ratio excluding non-recourse debt and with 75 percent equity credit for the hybrid securities was 17.0 percent. For the first quarter of 2008, the ratio of earnings to fixed charges was 6.2 times. Excluding interest on non-recourse debt, the ratio of earnings to fixed charges was also 6.2 times.

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Contacts

Investor Relations:	Media Relations:
Laura Gagnon	Paul Johnson
Ameriprise Financial	Ameriprise Financial
612.671.2080	612.671.0625
laura.c.gagnon@ampf.com	paul.w.johnson@ampf.com
Kathryn Koessel	Benjamin Pratt
Ameriprise Financial	Ameriprise Financial
612.678.7610	612.678.5881
kathryn.c.koessel@ampf.com	benjamin.j.pratt@ampf.com

Ameriprise Financial, Inc., is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent. For more information, visit ameriprise.com.

RiverSource mutual funds are distributed by RiverSource Distributors, Inc. and Ameriprise Financial Services, Inc. Members FINRA and managed by RiverSource Investments, LLC. For complete mutual fund ranking data and other important disclosures please refer to Exhibit A “RiverSource Mutual Fund Performance and Lipper Ranking” in the First Quarter 2008 Statistical Supplement available at ir.ameriprise.com.

The Threadneedle group of companies constitutes the Ameriprise Financial international investment platform. The group consists of wholly owned subsidiaries of Ameriprise Financial, Inc. and provides services independent from Ameriprise Financial Services, Inc., including Ameriprise Financial Services’ broker-dealer business.

Ameriprise Certificates are issued by Ameriprise Certificate Company and distributed by Ameriprise Financial Services, Inc. Member FINRA.

Ameriprise Financial Services, Inc. offers financial planning services, investments, insurance and annuity products. RiverSource insurance and annuity products are issued by RiverSource Life Insurance Company, and in New York only by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuity products in the state of New York. These companies are all part of Ameriprise Financial, Inc. CA License #0684538.

Forward-Looking Statements

This news release contains forward-looking statements that reflect our plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. We have made various forward-looking statements in this report. Examples of such forward-looking statements include:

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·statements of our plans, intentions, expectations, objectives or goals, including those relating to asset flows, mass affluent and affluent client acquisition strategy and consolidated tax rate;

·statements about future economic performance, the performance of equity markets and interest rate variations and the economic performance of the United States and of global markets; and

·statements of assumptions underlying such statements.

The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from such statements.

Such factors include, but are not limited to:

·changes in the valuations, liquidity and volatility in the interest rate, equity market, and foreign exchange environments;

·changes in the litigation and regulatory environment, including ongoing legal proceedings and regulatory actions, the frequency and extent of legal claims threatened or initiated by clients, other persons and regulators, and developments in regulation and legislation;

·our investment management performance and consumer acceptance of our products;

·effects of competition in the financial services industry and changes in product distribution mix and distribution channels;

·our capital structure including ratings and indebtedness, and limitations on subsidiaries to pay dividends;

·risks of default by issuers or guarantors of investments we own or by counterparties to hedge, derivative, insurance or reinsurance arrangements;

·experience deviations from our assumptions regarding morbidity, mortality and persistency in certain annuity and insurance products, or from assumptions regarding market volatility underlying our hedges on guaranteed benefit annuity riders;

·the impacts of our efforts to improve distribution economics and to grow third-party distribution of our products;

·our ability to realize benefits from tax planning; and

·general economic and political factors, including consumer confidence in the economy as well as the ability and inclination of consumers generally to invest, the costs of products and services we consume in the conduct of our business, and applicable legislation and regulation, including tax laws, tax treaties, fiscal and central government treasury policy, and regulatory rulings and pronouncements.

We caution you that the foregoing list of factors is not exhaustive. There may also be other risks that we are unable to predict at this time that may cause actual results to differ materially from those in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements. The foregoing list of factors should be read in conjunction with the “Risk Factors” discussion included as Part 1, Item 1A of our Annual Report on Form 10-K filed with the SEC on February 29, 2008.

The financial results discussed in this release represent past performance only, which may not be used to predict or project future results. For information about Ameriprise Financial entities, please refer to the First Quarter 2008 Statistical Supplement available at ir.ameriprise.com and the tables that follow in this release.

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Tables

Due to the magnitude of the market decline in the quarter, we have provided the following table to help the reader understand the impact on our first quarter results.

Ameriprise Financial, Inc.

Reconciliation Table:  Market Impacts

	Three months ended March 31,
	2008									2007
($ in millions except per share data, unaudited)	Pretax			After- tax(1)			Per share(2)			Pretax		After- tax(1)		Per share(3)
Income, as reported	$	195		$	191		$	0.82		$	216	$	165	$	0.68
Separation costs	—			—			—			85		55		0.22
Adjusted earnings	195			191			0.82			301		220		0.90
Net realized gains (losses)	(24		)	(16		)	(0.07		)	9		6		0.02
Adjusted operating income	219			207			0.89			292		214		0.88
Market impacts - items estimated in 10-K (4)
Management fees	(22		)	(14		)	(0.06		)	—		—		—
DAC and DSIC mean reversion	(27		)	(18		)	(0.08		)	2		1		0.01
Total market impacts	(49		)	(32		)	(0.14		)	2		1		0.01
Other market impacts
Short-term interest rates	(9		)	(6		)	(0.03		)	—		—		—
VA rider hedge impact (5)	(7		)	(5		)	(0.02		)	12		8		0.03
Hedge fund and seed money	(16		)	(10		)	(0.04		)	10		6		0.02
Total other market impacts	(32		)	(21		)	(0.09		)	22		14		0.05
Adjusted operating income excluding market impacts	300			260			1.12			268		199		0.82
Exceptional tax adjustments	—			38			0.16			—		—		—
Adjusted operating income excluding market impacts and exceptional tax adjustments	$	300		$	222		$	0.96		$	268	$	199	$	0.82

#Variance of 100 percent or greater.

⁽¹⁾After-tax amount is calculated using the statutory tax rate of 35%.

⁽²⁾After-tax per share impact is calculated using as the numerator the after-tax amount and as the denominator 231.5 million weighted average diluted shares outstanding.

⁽³⁾After-tax per share impact is calculated using as the numerator the after-tax amount and as the denominator 244.1 million weighted average diluted shares outstanding.

⁽⁴⁾See item 7A of our 2007 Annual Report on Form 10-K filed with the SEC on February 29, 2008.

⁽⁵⁾Includes a positive impact of SFAS 157; generally DAC impact is estimated at 50% of difference between change in asset and liability values.

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Due to the magnitude of the market decline in the quarter, we have provided the following table to help the reader understand the impact on our first quarter results.

Ameriprise Financial, Inc.

Reconciliation Tables:  Market Impacts by Segment

	Three months ended March 31, 2008
($ in millions, unaudited)	Advice & Wealth Management			Asset Management			Annuities			Protection			Corporate & Other			Consolidated
Pretax income, as reported	$	64		$	18		$	42		$	102		$	(31	)	$	195
Separation costs	—			—			—			—			—			—
Adjusted earnings	64			18			42			102			(31		)	195
Net realized gains (losses)	—			—			(20		)	(3		)	(1		)	(24		)
Adjusted operating income	64			18			62			105			(30		)	219
Market impacts - items estimated in 10-K(1)
Management fees	(6		)	(10		)	(5		)	(1		)	—			(22		)
DAC and DSIC mean reversion	—			—			(25		)	(2		)	—			(27		)
Total market impacts	(6		)	(10		)	(30		)	(3		)	—			(49		)
Other market impacts
Short-term interest rates	(1		)	—			(4		)	—			(4		)	(9		)
VA rider hedge impact(2)	—			—			(7		)	—			—			(7		)
Hedge fund and seed money	—			(10		)	—			—			(6		)	(16		)
Total other market impacts	(1		)	(10		)	(11		)	—			(10		)	(32		)
Adjusted operating income excluding market impacts	$	71		$	38		$	103		$	108		$	(20	)	$	300

(1)	See item 7A of our 2007 Annual Report on Form 10-K filed with the SEC on February 29, 2008.
(2)	Includes a positive impact of SFAS 157; generally DAC impact is estimated at 50% of difference between change in asset and liability values.

11

Due to the magnitude of the market decline in the quarter, we have provided the following table to help the reader understand the impact on our first quarter results.

Ameriprise Financial, Inc.

Reconciliation Tables:  Market Impacts by Segment

	Three months ended March 31, 2007
($ in millions, unaudited)	Advice & Wealth Management		Asset Management		Annuities		Protection		Corporate & Other			Consolidated
Pretax income, as reported	$	56	$	46	$	118	$	120	$	(124	)	$	216
Separation costs	—		—		—		—		85			85
Adjusted earnings	56		46		118		120		(39		)	301
Net realized gains (losses)	—		2		6		1		—			9
Adjusted operating income	56		44		112		119		(39		)	292
Market impacts - items estimated in 10-K(1)
Management fees	—		—		—		—		—			—
DAC and DSIC mean reversion	—		—		2		—		—			2
Total market impacts	—		—		2		—		—			2
Other market impacts
Short-term interest rates	—		—		—		—		—			—
VA rider hedge impact	—		—		12		—		—			12
Hedge fund and seed money	—		4		—		2		4			10
Total other market impacts	—		4		12		2		4			22
Adjusted operating income excluding market impacts	$	56	$	40	$	98	$	117	$	(43	)	$	268

⁽¹⁾See item 7A of our 2007 Annual Report on Form 10-K filed with the SEC on February 29, 2008.

12

Ameriprise Financial, Inc.

Segment Results

	Quarter Ended March 31,						%
(in millions, unaudited)	2008			2007			Change
Net revenues
Advice & Wealth Management	$	936		$	906		3	%
Asset Management	355			411			(14	)
Annuities	564			526			7
Protection	492			481			2
Corporate & Other	9			14			(36	)
Eliminations	(270		)	(311		)	(13	)
Total net revenues	2,086			2,027			3
Income (loss)
Advice & Wealth Management	64			56			14
Asset Management	18			46			(61	)
Annuities	42			118			(64	)
Protection	102			120			(15	)
Corporate & Other	(31		)	(39		)	(21	)
Pretax income before separation costs(1)	195			301			(35	)
Income tax provision before tax benefit attributable to separation costs(1)	4			81			(95	)
Income before separation costs(1)	191			220			(13	)
Separation costs, after-tax(1)	—			55			#
Net income	$	191		$	165		16	%

⁽¹⁾For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%.

#Variance of 100 percent or greater.

13

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Consolidated Income Data to GAAP

(in millions, unaudited)	Three Months Ended March 31, 2007
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials		Difference Attributable to Separation Costs			GAAP Equivalent		GAAP Line Item
Total net revenues (GAAP measure)	$	2,027	$	—		$	2,027	Total net revenues
Total expenses before separation costs	1,726		85			1,811		Total expenses
Pretax income before separation costs	301		(85		)	216		Pretax income
Income tax provision before tax benefit attributable to separation costs(1)	81		(30		)	51		Income tax provision
Income before separation costs(1)	220
Separation costs, after-tax(1)	55
Net income (GAAP measure)	$	165				$	165	Net income

⁽¹⁾For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%.

Ameriprise Financial, Inc.

Reconciliation Table: Selected Adjusted Segment Income Data to GAAP

(in millions, unaudited)	Three Months Ended March 31, 2007
Line item in non-GAAP presentation	Presented Before Separation Cost Impacts in Reported Financials			Difference Attributable to Separation Costs			GAAP Equivalent			GAAP Line Item
Net revenue (GAAP measure):
Advice & Wealth Management	$	906		$	—		$	906
Asset Management	411			—			411
Annuities	526			—			526
Protection	481			—			481
Corporate & Other	14			—			14
Eliminations	(311		)	—			(311		)
Total net revenues (GAAP measure)	2,027			—			2,027			Total net revenues
Pretax income before separation costs:
Advice & Wealth Management	56			—			56
Asset Management	46			—			46
Annuities	118			—			118
Protection	120			—			120
Corporate and Other	(39		)	(85		)	(124		)
Total pretax income before separation costs	301			(85		)	216			Pretax income
Income tax provision before tax benefit attributable to separation costs(1)	81			(30		)	51			Income tax provision
Income before separation costs(1)	220
Separation costs, after-tax(1)	55
Net income (GAAP measure)	$	165					$	165		Net income

⁽¹⁾For this non-GAAP presentation of separation costs, after-tax is calculated using the statutory tax rate of 35%.

14

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended March 31, 2008

(in millions, unaudited)	ROE			Adjustments			Adjusted ROE(1)
Return	$	840		$	99		$	939
Equity	$	7,696		$	(29	)	$	7,667
Return on Equity	10.9		%				12.2		%

Ameriprise Financial, Inc.

Return on Equity Calculation for the 12 Months Ended March 31, 2007

(in millions, unaudited)	ROE			Adjustments			Adjusted ROE(1)
Return	$	651		$	246		$	897
Equity	$	7,597		$	(215	)	$	7,382
Return on Equity	8.6		%				12.2		%

⁽¹⁾Adjusted return on equity calculated using adjusted earnings (income excluding non-recurring separation costs) in the numerator, and equity excluding equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

Return on equity calculations use the trailing twelve months’ return, and equity calculated using a five point average of quarter-end equity.

15

Ameriprise Financial, Inc.
Reconciliation Table: Ratio of Earnings to Fixed Charges

(in millions, unaudited)	Three Months Ended March 31, 2008
Ratio of Earnings to Fixed Charges(1)
Earnings	$	229
Fixed charges	$	37
Ratio of earnings to fixed charges	6.2		x
Ratio of Earnings to Fixed Charges without interest expense on non-recourse debt(1)
Earnings	$	229
Interest expense on non-recourse debt:
Interest on debt of consolidated variable interest entities	—
Total earnings	$	229
Fixed charges	$	37
Interest expense on non-recourse debt:
Interest on debt of consolidated variable interest entities	—
Total fixed charges	$	37
Ratio of earnings to fixed charges without interest expense on non-recourse debt	6.2		x

⁽¹⁾Ratio of Earnings to Fixed Charges is a ratio comprised of earnings divided by fixed charges. Earnings are defined as income before income tax provision, plus interest and debt expense, interest portion of rental expense, amortization of capitalized interest and adjustments related to equity investments and minority interests in consolidated entities. Fixed charges are defined as interest and debt expense, the interest portion of rental expense and capitalized interest. The ratio is also presented excluding the effect of interest on non-recourse debt of variable interest entities.

Ameriprise Financial, Inc.

Reconciliation Table: Debt to Total Capital

March 31, 2008

(in millions, unaudited)	GAAP Measure			Non-recourse Debt		Debt Less Non-recourse Debt			Impact of 75% Equity Credit(1)		Debt Less Non-recourse with Equity Credit(1)
Debt	$	2,018		$	18	$	2,000		$	375	$	1,625
Capital	$	9,599		$	18	$	9,581				$	9,581
Debt to Capital	21.0		%			20.9		%			17.0		%

⁽¹⁾The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of the rating agencies.

# # #

© 2008 Ameriprise Financial, Inc. All rights reserved.

16

EX-99.2

Exhibit 99.2

Statistical Supplement Package

(unaudited)

First Quarter 2008

1

Ameriprise Financial, Inc.

Statistical Supplement Information

Table of Contents

		Page
Ameriprise Financial, Inc.
	Highlights	4
	Financial Summary	5
	Consolidated Income Statements	6
	Consolidated, Per Share Summary	8
Advice & Wealth Management Segment
	Segment Income Statements	10
	Segment Metrics	11
Asset Management Segment
	Segment Income Statements	13
	Segment Metrics	14
	RiverSource Asset Management Products	15
	Threadneedle Asset Management Products	16
Annuities Segment
	Segment Income Statements	18
	Segment Metrics	19
Protection Segment
	Segment Income Statements	21
	Segment Metrics	22
Corporate & Other Segment
	Segment Income Statements	24
Eliminations
	Income Statements	25
Balance Sheet and Ratings Information
	Consolidated Balance Sheets	27
	Capital and Ratings Information	28
	Investments	29
Non-GAAP Financial Information		30
Glossary of Selected Terminology
	Glossary of Selected Terminology - Segments	31
	Glossary of Selected Terminology	32
Exhibit A
	RiverSource Mutual Fund Performance and Lipper Ranking	35
Exhibit B
	Reconciliation Tables	42
	Return on Equity	43
Exhibit C
	Disclosed Items	45
Exhibit D
	Prior Statistical Supplement Reconciliation Tables	49

2

Statistical Supplement Package

(unaudited)

First Quarter 2008

Consolidated Results

3

Ameriprise Financial, Inc.

Highlights

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except earnings per share amounts, headcount and as otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Management Targets
Net revenue growth: Target 6 - 8%	5.5		%	5.6		%	12.1		%	8.4		%	2.9		%	5.5		%	2.9		%	(2.6		)%			(2.6		)%			(5.5		)%
Adjusted return on equity: Target 12 - 15%(1)	12.2		%	12.5		%	12.4		%	12.6		%	12.2		%	12.2		%	12.2		%	—					—					(0.4		)%
Adjusted earnings per diluted share growth: Target 12 - 15% (1)	20.0		%	24.1		%	5.3		%	13.7		%	(8.9		)%	20.0		%	(8.9		)%	(28.9		)%			(28.9		)%			(22.6		)%
Margins
Net income margin	8.1		%	9.2		%	9.1		%	11.0		%	9.2		%	8.1		%	9.2		%	1.1		%			1.1		%			(1.8		)%
Adjusted pretax margin (1)	14.8		%	14.4		%	12.8		%	15.8		%	9.3		%	14.8		%	9.3		%	(5.5		)%			(5.5		)%			(6.5		)%
Adjusted earnings margin(1)	10.9		%	11.1		%	10.9		%	11.8		%	9.2		%	10.9		%	9.2		%	(1.7		)%			(1.7		)%			(2.6		)%
Earnings Per Share
Basic earnings per share	$	0.69		$	0.83		$	0.84		$	1.10		$	0.84		$	0.69		$	0.84		$	0.15		22	%	$	0.15		22	%	$	(0.26	)	(24	)%
Diluted earnings per share	$	0.68		$	0.81		$	0.83		$	1.08		$	0.82		$	0.68		$	0.82		$	0.14		21	%	$	0.14		21	%	$	(0.26	)	(24	)%
Separation costs, after-tax	0.22			0.17			0.16			0.08			—			0.22			—			(0.22		)	#		(0.22		)	#		(0.08		)	#
Adjusted diluted earnings per share	$	0.90		$	0.98		$	0.99		$	1.16		$	0.82		$	0.90		$	0.82		$	(0.08	)	(9	)%	$	(0.08	)	(9	)%	$	(0.34	)	(29	)%
Share Information
Total common outstanding	236.6			235.3			232.4			227.7			223.4			236.6			223.4			(13.2		)	(6	)%	(13.2		)	(6	)%	(4.3		)	(2	)%
Nonforfeitable restricted stock units	1.9			1.3			1.3			1.4			2.6			1.9			2.6			0.7			37	%	0.7			37	%	1.2			86	%
Total potentially dilutive	3.2			3.8			3.9			3.9			2.8			3.2			2.8			(0.4		)	(13	)%	(0.4		)	(13	)%	(1.1		)	(28	)%
Total diluted shares	241.7			240.4			237.6			233.0			228.8			241.7			228.8			(12.9		)	(5	)%	(12.9		)	(5	)%	(4.2		)	(2	)%
Weighted average common shares outstanding
Basic	240.7			237.4			235.4			231.4			228.4			240.7			228.4			(12.3		)	(5	)%	(12.3		)	(5	)%	(3.0		)	(1	)%
Diluted	244.1			241.0			239.2			235.4			231.5			244.1			231.5			(12.6		)	(5	)%	(12.6		)	(5	)%	(3.9		)	(2	)%
Metrics
Equity	$	7,731		$	7,600		$	7,758		$	7,810		$	7,581		$	7,731		$	7,581		$	(150	)	(2	)%	$	(150	)	(2	)%	$	(229	)	(3	)%
Total client assets	278,722			292,271			297,856			293,899			275,958			278,722			275,958			(2,764		)	(1	)%	(2,764		)	(1	)%	(17,941		)	(6	)%
Total advisor cash sales	$	11,467		$	13,047		$	10,342		$	9,111		$	8,845		$	11,467		$	8,845		$	(2,622	)	(23	)%	$	(2,622	)	(23	)%	$	(266	)	(3	)%
Total financial advisors	12,342			12,076			12,003			11,824			11,609			12,342			11,609			(733		)	(6	)%	(733		)	(6	)%	(215		)	(2	)%
Net revenue per financial advisor (in thousands)	$	73		$	83		$	79		$	80		$	81		$	73		$	81		$	8		11	%	$	8		11	%	$	1		1	%
Owned, Managed, and Administered Assets (in billions)
Owned	$	35.8		$	38.5		$	39.6		$	39.6		$	36.8		$	35.8		$	36.8		$	1.0		3	%	$	1.0		3	%	$	(2.8	)	(7	)%
Managed
External clients	305.3			310.5			315.4			307.0			287.2			305.3			287.2			(18.1		)	(6	)%	(18.1		)	(6	)%	(19.8		)	(6	)%
Owned	62.7			62.7			63.4			62.6			60.9			62.7			60.9			(1.8		)	(3	)%	(1.8		)	(3	)%	(1.7		)	(3	)%
Total managed	368.0			373.2			378.8			369.6			348.1			368.0			348.1			(19.9		)	(5	)%	(19.9		)	(5	)%	(21.5		)	(6	)%
Administered	70.3			72.5			73.5			71.0			65.8			70.3			65.8			(4.5		)	(6	)%	(4.5		)	(6	)%	(5.2		)	(7	)%
Total OMA assets	$	474.1		$	484.2		$	491.9		$	480.2		$	450.7		$	474.1		$	450.7		$	(23.4	)	(5	)%	$	(23.4	)	(5	)%	$	(29.5	)	(6	)%
Dividends paid	$	27		$	36		$	35		$	35		$	34		$	27		$	34		$	7		26	%	$	7		26	%	$	(1	)	(3	)%
Common stock share repurchases	$	352		$	142		$	171		$	283		$	270		$	352		$	270		$	(82	)	(23	)%	$	(82	)	(23	)%	$	(13	)	(5	)%
Debt to total capital	22.5 %			22.6 %			22.2 %			20.5 %			21.0 %			22.5 %			21.0 %			(1.5		)%			(1.5		)%			0.5		%
Debt to total capital excluding non-recourse debt	20.6 %			20.8 %			20.5 %			20.4 %			20.9 %			20.6 %			20.9 %			0.3 %					0.3		%			0.5		%
Debt to total capital excluding non-recourse debt and 75% equity credit	16.7 %			16.9 %			16.7 %			16.6 %			17.0 %			16.7 %			17.0 %			0.3 %					0.3		%			0.4		%

⁽¹⁾See non-GAAP Financial Information.

#Variance of 100% or greater.

4

Ameriprise Financial, Inc.

Financial Summary

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Segment Summary
Net Revenues
Advice & Wealth Management	$	906		$	1,007		$	953		$	947		$	936		$	906		$	936		$	30		3	%	$	30		3	%	$	(11	)	(1	)%
Asset Management	411			449			410			492			355			411			355			(56		)	(14	)%	(56		)	(14	)%	(137		)	(28	)%
Annuities	526			520			619			639			564			526			564			38			7	%	38			7	%	(75		)	(12	)%
Protection	481			485			495			524			492			481			492			11			2	%	11			2	%	(32		)	(6	)%
Corporate & Other	14			—			(6		)	16			9			14			9			(5		)	(36	)%	(5		)	(36	)%	(7		)	(44	)%
Eliminations	(311		)	(323		)	(301		)	(299		)	(270		)	(311		)	(270		)	41			13	%	41			13	%	29			10	%
Total net revenues	2,027			2,138			2,170			2,319			2,086			2,027			2,086			59			3	%	59			3	%	(233		)	(10	)%
Expenses
Advice & Wealth Management	850			906			859			913			872			850			872			22			3	%	22			3	%	(41		)	(4	)%
Asset Management	365			368			338			384			337			365			337			(28		)	(8	)%	(28		)	(8	)%	(47		)	(12	)%
Annuities	408			434			528			511			522			408			522			114			28	%	114			28	%	11			2	%
Protection	361			367			402			370			390			361			390			29			8	%	29			8	%	20			5	%
Corporate & Other	53			78			67			74			40			53			40			(13		)	(25	)%	(13		)	(25	)%	(34		)	(46	)%
Eliminations	(311		)	(323		)	(301		)	(299		)	(270		)	(311		)	(270		)	41			13	%	41			13	%	29			10	%
Total expenses before separation costs	1,726			1,830			1,893			1,953			1,891			1,726			1,891			165			10	%	165			10	%	(62		)	(3	)%
Separation Costs
Corporate & Other	85			63			60			28			—			85			—			(85		)	#		(85		)	#		(28		)	#
Pretax Segment Income (Loss)
Advice & Wealth Management	56			101			94			34			64			56			64			8			14	%	8			14	%	30			88	%
Asset Management	46			81			72			108			18			46			18			(28		)	(61	)%	(28		)	(61	)%	(90		)	(83	)%
Annuities	118			86			91			128			42			118			42			(76		)	(64	)%	(76		)	(64	)%	(86		)	(67	)%
Protection	120			118			93			154			102			120			102			(18		)	(15	)%	(18		)	(15	)%	(52		)	(34	)%
Corporate & Other	(124		)	(141		)	(133		)	(86		)	(31		)	(124		)	(31		)	93			75	%	93			75	%	55			64	%
Eliminations	—			—			—			—			—			—			—			—			—		—			—		—			—
Total pretax segment income	$	216		$	245		$	217		$	338		$	195		$	216		$	195		$	(21	)	(10	)%	$	(21	)	(10	)%	$	(143	)	(42	)%
Pretax Income Margin
Advice & Wealth Management	6.2		%	10.0		%	9.9		%	3.6		%	6.8		%	6.2		%	6.8		%	0.7		%			0.7		%			3.2		%
Asset Management	11.2		%	18.0		%	17.6		%	22.0		%	5.1		%	11.2		%	5.1		%	(6.1		)%			(6.1		)%			(16.9		)%
Annuities	22.4		%	16.5		%	14.7		%	20.0		%	7.4		%	22.4		%	7.4		%	(15.0		)%			(15.0		)%			(12.6		)%
Protection	24.9		%	24.3		%	18.8		%	29.4		%	20.7		%	24.9		%	20.7		%	(4.2		)%			(4.2		)%			(8.7		)%
Ameriprise Financial, Inc.	10.7		%	11.5		%	10.0		%	14.6		%	9.3		%	10.7		%	9.3		%	(1.4		)%			(1.4		)%			(5.3		)%
Allocated Equity
Advice & Wealth Management	$	959		$	952		$	942		$	930		$	928		$	959		$	928		$	(31	)	(3	)%	$	(31	)	(3	)%	$	(2	)	—
Asset Management	863			865			862			878			847			863			847			(16		)	(2	)%	(16		)	(2	)%	(31		)	(4	)%
Annuities	2,292			2,151			2,128			2,100			2,005			2,292			2,005			(287		)	(13	)%	(287		)	(13	)%	(95		)	(5	)%
Protection	2,174			2,145			2,308			2,318			2,358			2,174			2,358			184			8	%	184			8	%	40			2	%
Corporate & Other	1,586			1,842			1,767			1,751			1,730			1,586			1,730			144			9	%	144			9	%	(21		)	(1	)%
Total allocated equity	$	7,874		$	7,955		$	8,007		$	7,977		$	7,868		$	7,874		$	7,868		$	(6	)	—		$	(6	)	—		$	(109	)	(1	)%
Pretax Return on Allocated Equity
Advice & Wealth Management	22.4		%	26.3		%	30.1		%	30.0		%	31.1		%	22.4		%	31.1		%	8.7		%			8.7		%			1.1		%
Asset Management	29.4		%	29.7		%	31.9		%	35.4		%	32.3		%	29.4		%	32.3		%	2.9		%			2.9		%			(3.1		)%
Annuities	18.2		%	18.8		%	19.2		%	19.1		%	16.3		%	18.2		%	16.3		%	(1.9		)%			(1.9		)%			(2.8		)%
Protection	22.1		%	23.1		%	20.2		%	21.8		%	20.7		%	22.1		%	20.7		%	(1.4		)%			(1.4		)%			(1.1		)%

# Variance of 100% or greater.

5

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2008

															Prior Year Comparisons
											Year-to-Date				Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		4 Qtr 2007		1 Qtr 2008		2007		2008		Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	722	$	788	$	798	$	930	$	791	$	722	$	791	$	69		10	%	$	69		10	%	$	(139	)	(15	)%
Distribution fees	418		494		435		415		433		418		433		15			4	%	15			4	%	18			4	%
Net investment income	532		501		565		524		460		532		460		(72		)	(14	)%	(72		)	(14	)%	(64		)	(12	)%
Premiums	257		266		269		271		265		257		265		8			3	%	8			3	%	(6		)	(2	)%
Other revenues	167		164		165		228		157		167		157		(10		)	(6	)%	(10		)	(6	)%	(71		)	(31	)%
Total revenues	2,096		2,213		2,232		2,368		2,106		2,096		2,106		10			—		10			—		(262		)	(11	)%
Banking and deposit interest expense	69		75		62		49		20		69		20		(49		)	(71	)%	(49		)	(71	)%	(29		)	(59	)%
Total net revenues	2,027		2,138		2,170		2,319		2,086		2,027		2,086		59			3	%	59			3	%	(233		)	(10	)%
Expenses
Distribution expenses	478		533		519		527		541		478		541		63			13	%	63			13	%	14			3	%
Interest credited to fixed accounts	217		224		214		195		178		217		178		(39		)	(18	)%	(39		)	(18	)%	(17		)	(9	)%
Benefits, claims, losses and settlement expenses	251		264		417		342		407		251		407		156			62	%	156			62	%	65			19	%
Amortization of deferred acquisition costs	134		125		128		164		154		134		154		20			15	%	20			15	%	(10		)	(6	)%
Interest and debt expense	29		29		27		27		26		29		26		(3		)	(10	)%	(3		)	(10	)%	(1		)	(4	)%
Separation costs	85		63		60		28		—		85		—		(85		)	#		(85		)	#		(28		)	#
General and administrative expense	617		655		588		698		585		617		585		(32		)	(5	)%	(32		)	(5	)%	(113		)	(16	)%
Total expenses	1,811		1,893		1,953		1,981		1,891		1,811		1,891		80			4	%	80			4	%	(90		)	(5	)%
Pretax income	216		245		217		338		195		216		195		(21		)	(10	)%	(21		)	(10	)%	(143		)	(42	)%
Income tax provision	51		49		19		83		4		51		4		(47		)	(92	)%	(47		)	(92	)%	(79		)	(95	)%
Net income	$	165	$	196	$	198	$	255	$	191	$	165	$	191	$	26		16	%	$	26		16	%	$	(64	)	(25	)%
Adjusted Earnings Reconciliation (1)
Net income	$	165	$	196	$	198	$	255	$	191	$	165	$	191	$	26		16	%	$	26		16	%	$	(64	)	(25	)%
Separation costs, after-tax (2)	55		41		39		19		—		55		—		(55		)	#		(55		)	#		(19		)	#
Adjusted earnings	$	220	$	237	$	237	$	274	$	191	$	220	$	191	$	(29	)	(13	)%	$	(29	)	(13	)%	$	(83	)	(30	)%

⁽¹⁾ See non-GAAP Financial Information.

⁽²⁾ In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

# Variance of 100% or greater.

6

Ameriprise Financial, Inc.

Consolidated Income Statements

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Income Statement Metrics
Pretax income margin	10.7		%	11.5		%	10.0		%	14.6		%	9.3		%	10.7		%	9.3		%	(1.4		)%			(1.4		)%			(5.3		)%
Net income margin	8.1		%	9.2		%	9.1		%	11.0		%	9.2		%	8.1		%	9.2		%	1.1		%			1.1		%			(1.8		)%
Adjusted pretax margin (1)	14.8		%	14.4		%	12.8		%	15.8		%	9.3		%	14.8		%	9.3		%	(5.5		)%			(5.5		)%			(6.5		)%
Adjusted earnings margin (1)	10.9		%	11.1		%	10.9		%	11.8		%	9.2		%	10.9		%	9.2		%	(1.7		)%			(1.7		)%			(2.6		)%
Net Investment Income
Investment income on fixed maturities	$	484		$	461		$	444		$	441		$	418		$	484		$	418		$	(66	)	(14	)%	$	(66	)	(14	)%	$	(23	)	(5	)%
Realized gains (losses)	9			2			15			18			(24		)	9			(24		)	(33		)	#		(33		)	#		(42		)	#
Hedges related to certificate deposits	2			9			5			(10		)	(27		)	2			(27		)	(29		)	#		(29		)	#		(17		)	#
Hedges related to interest credited	(1		)	9			2			(7		)	(17		)	(1		)	(17		)	(16		)	#		(16		)	#		(10		)	#
Hedges related to variable annuities benefits	(4		)	(24		)	57			66			103			(4		)	103			107			#		107			#		37			56	%
Affordable housing amortization	(8		)	(9		)	(7		)	(8		)	(7		)	(8		)	(7		)	1			13	%	1			13	%	1			13	%
Other (including seed money)	50			53			49			24			14			50			14			(36		)	(72	)%	(36		)	(72	)%	(10		)	(42	)%
Total net investment income	$	532		$	501		$	565		$	524		$	460		$	532		$	460		$	(72	)	(14	)%	$	(72	)	(14	)%	$	(64	)	(12	)%
Other Information
Net revenue growth: Target 6 - 8%	5.5		%	5.6		%	12.1		%	8.4		%	2.9		%	5.5		%	2.9		%	(2.6		)%			(2.6		)%			(5.5		)%
Adjusted return on equity: Target 12 - 15% (1)	12.2		%	12.5		%	12.4		%	12.6		%	12.2		%	12.2		%	12.2		%	—					—					(0.4		)%
Adjusted earnings per diluted share growth: Target 12 - 15% (1)	20.0		%	24.1		%	5.3		%	13.7		%	(8.9		)%	20.0		%	(8.9		)%	(28.9		)%			(28.9		)%			(22.6		)%
Goodwill and intangible assets	$	868		$	873		$	878		$	863		$	857		$	868		$	857		$	(11	)	(1	)%	$	(11	)	(1	)%	$	(6	)	(1	)%
Dividends paid	27			36			35			35			34			27			34			7			26	%	7			26	%	(1		)	(3	)%
Common stock share repurchases	$	352		$	142		$	171		$	283		$	270		$	352		$	270		$	(82	)	(23	)%	$	(82	)	(23	)%	$	(13	)	(5	)%
Return on equity	8.6		%	9.2		%	9.4		%	10.5		%	10.9		%	8.6		%	10.9		%	2.3		%			2.3		%			0.4		%
Owned, Managed and Administered Assets (in billions)
Owned	$	35.8		$	38.5		$	39.6		$	39.6		$	36.8		$	35.8		$	36.8		$	1.0		3	%	$	1.0		3	%	$	(2.8	)	(7	)%
Managed
External clients	305.3			310.5			315.4			307.0			287.2			305.3			287.2			(18.1		)	(6	)%	(18.1		)	(6	)%	(19.8		)	(6	)%
Owned	62.7			62.7			63.4			62.6			60.9			62.7			60.9			(1.8		)	(3	)%	(1.8		)	(3	)%	(1.7		)	(3	)%
Total managed	368.0			373.2			378.8			369.6			348.1			368.0			348.1			(19.9		)	(5	)%	(19.9		)	(5	)%	(21.5		)	(6	)%
Administered	70.3			72.5			73.5			71.0			65.8			70.3			65.8			(4.5		)	(6	)%	(4.5		)	(6	)%	(5.2		)	(7	)%
Total OMA assets	$	474.1		$	484.2		$	491.9		$	480.2		$	450.7		$	474.1		$	450.7		$	(23.4	)	(5	)%	$	(23.4	)	(5	)%	$	(29.5	)	(6	)%

⁽¹⁾ See non-GAAP Financial Information.

# Variance of 100% or greater.

7

Ameriprise Financial, Inc.

Consolidated, Common Share and Per Share Summary

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions, except earnings per share amounts)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Earnings Per Share
Basic earnings per share	$	0.69		$	0.83		$	0.84		$	1.10		$	0.84		$	0.69		$	0.84		$	0.15		23	%	$	0.15		22	%	$	(0.26	)	(24	)%
Earnings per diluted share
Earnings per diluted share	$	0.68		$	0.81		$	0.83		$	1.08		$	0.82		$	0.68		$	0.82		$	0.14		21	%	$	0.14		21	%	$	(0.26	)	(24	)%
Separation costs, after-tax	0.22			0.17			0.16			0.08			—			0.22			—			(0.22		)	#		(0.22		)	#		(0.08		)	#
Adjusted earnings per diluted share (1)	$	0.90		$	0.98		$	0.99		$	1.16		$	0.82		$	0.90		$	0.82		$	(0.08	)	(9	)%	$	(0.08	)	(9	)%	$	(0.34	)	(29	)%
Basic Shares
Common shares
Beginning balance	241.4			236.6			235.3			232.4			227.7			241.4			227.7			(13.7		)	(6	)%	(13.7		)	(6	)%	(4.7		)	(2	)%
Repurchases	(5.9		)	(2.3		)	(2.9		)	(4.8		)	(5.2		)	(5.9		)	(5.2		)	0.7			12	%	0.7			12	%	(0.4		)	(8	)%
Issuances	1.5			1.2			0.1			0.2			1.3			1.5			1.3			(0.2		)	(13	)%	(0.2		)	(13	)%	1.1			#
Other	(0.4		)	(0.2		)	(0.1		)	(0.1		)	(0.4		)	(0.4		)	(0.4		)	—			—		—			—		(0.3		)	#
Total common outstanding	236.6			235.3			232.4			227.7			223.4			236.6			223.4			(13.2		)	(6	)%	(13.2		)	(6	)%	(4.3		)	(2	)%
Total common outstanding	236.6			235.3			232.4			227.7			223.4			236.6			223.4			(13.2		)	(6	)%	(13.2		)	(6	)%	(4.3		)	(2	)%
Nonforfeitable restricted stock units	1.9			1.3			1.3			1.4			2.6			1.9			2.6			0.7			37	%	0.7			37	%	1.2			86	%
Total basic common shares	238.5			236.6			233.7			229.1			226.0			238.5			226.0			(12.5		)	(5	)%	(12.5		)	(5	)%	(3.1		)	(1	)%
Total potentially dilutive	3.2			3.8			3.9			3.9			2.8			3.2			2.8			(0.4		)	(13	)%	(0.4		)	(13	)%	(1.1		)	(28	)%
Total diluted shares	241.7			240.4			237.6			233.0			228.8			241.7			228.8			(12.9		)	(5	)%	(12.9		)	(5	)%	(4.2		)	(2	)%
Weighted average common shares outstanding:
Basic	240.7			237.4			235.4			231.4			228.4			240.7			228.4			(12.3		)	(5	)%	(12.3		)	(5	)%	(3.0		)	(1	)%
Diluted	244.1			241.0			239.2			235.4			231.5			244.1			231.5			(12.6		)	(5	)%	(12.6		)	(5	)%	(3.9		)	(2	)%
Book Value
Equity - end of period	$	7,731		$	7,600		$	7,758		$	7,810		$	7,581		$	7,731		$	7,581		$	(150	)	(2	)%	$	(150	)	(2	)%	$	(229	)	(3	)%
Average equity - 5 point	7,597			7,649			7,753			7,765			7,696			7,597			7,696			99			1	%	99			1	%	(69		)	(1	)%
Book Value per Share	$	32.42		$	32.12		$	33.20		$	34.09		$	33.54		$	32.42		$	33.54		$	1.13		3	%	$	1.13		3	%	$	(0.55	)	(2	)%

⁽¹⁾ See non-GAAP Financial Information.

# Variance of 100% or greater.

8

Statistical Supplement Package

(unaudited)

First Quarter 2008

Advice & Wealth Management Segment

9

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	306		$	327		$	348		$	369		$	367		$	306		$	367		$	61		20	%	$	61		20	%	$	(2	)	(1	)%
Distribution fees	540			620			541			517			517			540			517			(23		)	(4	)%	(23		)	(4	)%	—			—
Net investment income	108			112			101			84			52			108			52			(56		)	(52	)%	(56		)	(52	)%	(32		)	(38	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	16			18			21			21			20			16			20			4			25	%	4			25	%	(1		)	(5	)%
Total revenues	970			1,077			1,011			991			956			970			956			(14		)	(1	)%	(14		)	(1	)%	(35		)	(4	)%
Banking and deposit interest expense	64			70			58			44			20			64			20			(44		)	(69	)%	(44		)	(69	)%	(24		)	(55	)%
Total net revenues	906			1,007			953			947			936			906			936			30			3	%	30			3	%	(11		)	(1	)%
Expenses
Distribution expenses	562			615			585			587			585			562			585			23			4	%	23			4	%	(2		)	—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	288			291			274			326			287			288			287			(1		)	—		(1		)	—		(39		)	(12	)%
Total expenses	850			906			859			913			872			850			872			22			3	%	22			3	%	(41		)	(4	)%
Pretax income	$	56		$	101		$	94		$	34		$	64		$	56		$	64		$	8		14	%	$	8		14	%	$	30		88	%
Income Statement Metrics
Pretax income margin	6.2		%	10.0		%	9.9		%	3.6		%	6.8		%	6.2		%	6.8		%	0.7		%			0.7		%			3.2		%
Net Investment Income
Investment income on fixed maturities	$	74		$	69		$	64		$	67		$	62		$	74		$	62		$	(12	)	(16	)%	$	(12	)	(16	)%	$	(5	)	(7	)%
Realized gains (losses)	—			(1		)	—			—			—			—			—			—			—		—			—		—			—
Hedges related to certificate deposits	2			9			5			(10		)	(27		)	2			(27		)	(29		)	#		(29		)	#		(17		)	#
Other (including seed money)	32			35			32			27			17			32			17			(15		)	(47	)%	(15		)	(47	)%	(10		)	(37	)%
Total net investment income	$	108		$	112		$	101		$	84		$	52		$	108		$	52		$	(56	)	(52	)%	$	(56	)	(52	)%	$	(32	)	(38	)%
Balance Sheet Metrics
Allocated equity	$	959		$	952		$	942		$	930		$	928		$	959		$	928		$	(31	)	(3	)%	$	(31	)	(3	)%	$	(2	)	—
Pretax return on allocated equity	22.4		%	26.3		%	30.1		%	30.0		%	31.1		%	22.4		%	31.1		%	8.7		%			8.7		%			1.1		%
On-balance sheet deposits	$	6,323		$	5,916		$	5,887		$	6,011		$	6,183		$	6,323		$	6,183		$	(140	)	(2	)%	$	(140	)	(2	)%	$	172		3	%
Financial Plans
Branded financial plan net cash sales	$	55		$	50		$	44		$	53		$	53		$	55		$	53		$	(2	)	(4	)%	$	(2	)	(4	)%	$	—		—
Financial planning penetration	45		%	45		%	45		%	45		%	46		%	45		%	46		%	1		%			1		%			1		%

# Variance of 100% or greater.

10

Ameriprise Financial, Inc.

Advice & Wealth Management Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Financial Advisors
Employee advisors	2,987			2,731			2,541			2,453			2,193			2,987			2,193			(794		)	(27	)%	(794		)	(27	)%	(260		)	(11	)%
Franchisee advisors	7,611			7,642			7,712			7,757			7,809			7,611			7,809			198			3	%	198			3	%	52			1	%
Total branded financial advisors	10,598			10,373			10,253			10,210			10,002			10,598			10,002			(596		)	(6	)%	(596		)	(6	)%	(208		)	(2	)%
SAI independent advisors	1,744			1,703			1,750			1,614			1,607			1,744			1,607			(137		)	(8	)%	(137		)	(8	)%	(7		)	—
Total financial advisors	12,342			12,076			12,003			11,824			11,609			12,342			11,609			(733		)	(6	)%	(733		)	(6	)%	(215		)	(2	)%
Net revenue per financial advisor (in thousands) (1)	$	73		$	83		$	79		$	80		$	81		$	73		$	81		$	8		11	%	$	8		11	%	$	1		1	%
Advisor Retention
Employee	63.1		%	62.2		%	61.0		%	58.9		%	59.1		%	63.1		%	59.1		%	(4.0		)%			(4.0		)%			0.2		%
Franchisee	93.1		%	93.2		%	93.3		%	93.2		%	93.7		%	93.1		%	93.7		%	0.6		%			0.6		%			0.5		%
Product Information
Certificates and Banking - Combined
Pretax income	$	2		$	(2	)	$	3		$	(8	)	$	(5	)	$	2		$	(5	)	$	(7	)	#		$	(7	)	#		$	3		38	%
Allocated equity	$	409		$	389		$	375		$	367		$	376		$	409		$	376		$	(33	)	(8	)%	$	(33	)	(8	)%	$	9		2	%
Pretax return on allocated equity	5.0		%	1.8		%	0.5		%	(1.3		)%	(3.1		)%	5.0		%	(3.1		)%	(8.1		)%			(8.1		)%			(1.8		)%
Wealth Management & Distribution
Pretax income	$	54		$	103		$	91		$	42		$	69		$	54		$	69		$	15		28	%	$	15		28	%	$	27		64	%
Allocated equity	$	550		$	563		$	567		$	563		$	552		$	550		$	552		$	2		—		$	2		—		$	(11	)	(2	)%
Pretax return on allocated equity	34.0		%	43.6		%	51.8		%	52.0		%	54.6		%	34.0		%	54.6		%	20.6		%			20.6		%			2.6		%
Advisor Cash Sales by Product
Wrap net flows	$	3,355		$	3,811		$	2,697		$	1,802		$	1,380		$	3,355		$	1,380		$	(1,975	)	(59	)%	$	(1,975	)	(59	)%	$	(422	)	(23	)%
Total mutual funds (non-wrap)	4,323			4,581			3,939			3,884			4,119			4,323			4,119			(204		)	(5	)%	(204		)	(5	)%	235			6	%
Annuities (proprietary and non-proprietary)
Variable	2,761			3,002			2,688			2,498			2,186			2,761			2,186			(575		)	(21	)%	(575		)	(21	)%	(312		)	(12	)%
Fixed	103			107			107			109			100			103			100			(3		)	(3	)%	(3		)	(3	)%	(9		)	(8	)%
Investment certificates	236			220			174			181			322			236			322			86			36	%	86			36	%	141			78	%
Insurance (proprietary and non-proprietary)	125			131			124			122			102			125			102			(23		)	(18	)%	(23		)	(18	)%	(20		)	(16	)%
Other	564			1,195			613			515			636			564			636			72			13	%	72			13	%	121			23	%
Total advisor cash sales	$	11,467		$	13,047		$	10,342		$	9,111		$	8,845		$	11,467		$	8,845		$	(2,622	)	(23	)%	$	(2,622	)	(23	)%	$	(266	)	(3	)%
Total Client Assets (at period end)	$	278,722		$	292,271		$	297,856		$	293,899		$	275,958		$	278,722		$	275,958		$	(2,764	)	(1	)%	$	(2,764	)	(1	)%	$	(17,941	)	(6	)%
Total Wrap Accounts
Beginning assets	$	76,365		$	81,812		$	89,150		$	92,944		$	93,851		$	76,365		$	93,851		$	17,486		23	%	$	17,486		23	%	$	907		1	%
Net flows	3,355			3,811			2,697			1,802			1,380			3,355			1,380			(1,975		)	(59	)%	(1,975		)	(59	)%	(422		)	(23	)%
Market appreciation (depreciation) and other	2,092			3,527			1,097			(895		)	(5,628		)	2,092			(5,628		)	(7,720		)	#		(7,720		)	#		(4,733		)	#
Total wrap ending assets	$	81,812		$	89,150		$	92,944		$	93,851		$	89,603		$	81,812		$	89,603		$	7,791		10	%	$	7,791		10	%	$	(4,248	)	(5	)%
S&P 500
Daily average	1,425			1,497			1,489			1,494			1,349			1,425			1,349			(76		)	(5	)%	(76		)	(5	)%	(145		)	(10	)%
Period end	1,421			1,503			1,527			1,468			1,323			1,421			1,323			(98		)	(7	)%	(98		)	(7	)%	(145		)	(10	)%

⁽¹⁾ Year-to-date is sum of current year prior quarters.

# Variance of 100% or greater.

11

Statistical Supplement Package

(unaudited)

First Quarter 2008

Asset Management Segment

12

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	297		$	330		$	316		$	419		$	296		$	297		$	296		$	(1	)	—		$	(1	)	—		$	(123	)	(29	)%
Distribution fees	82			84			78			78			70			82			70			(12		)	(15	)%	(12		)	(15	)%	(8		)	(10	)%
Net investment income	17			22			5			4			(4		)	17			(4		)	(21		)	#		(21		)	#		(8		)	#
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	19			19			14			(2		)	(5		)	19			(5		)	(24		)	#		(24		)	#		(3		)	#
Total revenues	415			455			413			499			357			415			357			(58		)	(14	)%	(58		)	(14	)%	(142		)	(28	)%
Banking and deposit interest expense	4			6			3			7			2			4			2			(2		)	(50	)%	(2		)	(50	)%	(5		)	(71	)%
Total net revenues	411			449			410			492			355			411			355			(56		)	(14	)%	(56		)	(14	)%	(137		)	(28	)%
Expenses
Distribution expenses	113			116			117			118			118			113			118			5			4	%	5			4	%	—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	10			9			7			7			8			10			8			(2		)	(20	)%	(2		)	(20	)%	1			14	%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	242			243			214			259			211			242			211			(31		)	(13	)%	(31		)	(13	)%	(48		)	(19	)%
Total expenses	365			368			338			384			337			365			337			(28		)	(8	)%	(28		)	(8	)%	(47		)	(12	)%
Pretax income	$	46		$	81		$	72		$	108		$	18		$	46		$	18		$	(28	)	(61	)%	$	(28	)	(61	)%	$	(90	)	(83	)%
Income Statement Metrics
Pretax income margin	11.2		%	18.0		%	17.6		%	22.0		%	5.1		%	11.2		%	5.1		%	(6.1		)%			(6.1		)%			(16.9		)%
Balance Sheet Metrics
Allocated equity	$	863		$	865		$	862		$	878		$	847		$	863		$	847		$	(16	)	(2	)%	$	(16	)	(2	)%	$	(31	)	(4	)%
Pretax return on allocated equity	29.4		%	29.7		%	31.9		%	35.4		%	32.3		%	29.4		%	32.3		%	2.9		%			2.9		%			(3.1		)%
Total Managed Assets Reconciliations
RiverSource managed assets	$	157,009		$	159,864		$	161,811		$	157,865		$	148,637		$	157,009		$	148,637		$	(8,372	)	(5	)%	$	(8,372	)	(5	)%	$	(9,228	)	(6	)%
Threadneedle managed assets	142,099			138,398			139,804			134,358			124,267			142,099			124,267			(17,832		)	(13	)%	(17,832		)	(13	)%	(10,091		)	(8	)%
Less: RiverSource assets sub-advised by Threadneedle	(5,203		)	(5,325		)	(5,614		)	(5,577		)	(4,912		)	(5,203		)	(4,912		)	291			6	%	291			6	%	665			12	%
Total managed assets	$	293,905		$	292,937		$	296,001		$	286,646		$	267,992		$	293,905		$	267,992		$	(25,913	)	(9	)%	$	(25,913	)	(9	)%	$	(18,654	)	(7	)%
Managed assets - external clients	$	231,242		$	230,220		$	232,634		$	224,070		$	207,119		$	231,242		$	207,119		$	(24,123	)	(10	)%	$	(24,123	)	(10	)%	$	(16,951	)	(8	)%
Managed assets - owned	62,663			62,717			63,367			62,576			60,873			62,663			60,873			(1,790		)	(3	)%	(1,790		)	(3	)%	(1,703		)	(3	)%
Total managed assets	$	293,905		$	292,937		$	296,001		$	286,646		$	267,992		$	293,905		$	267,992		$	(25,913	)	(9	)%	$	(25,913	)	(9	)%	$	(18,654	)	(7	)%
Total Managed Assets by Type
Equity	$	129,913		$	134,014		$	133,292		$	126,985		$	109,936		$	129,913		$	109,936		$	(19,977	)	(15	)%	$	(19,977	)	(15	)%	$	(17,049	)	(13	)%
Fixed income	122,912			114,406			117,170			117,280			117,377			122,912			117,377			(5,535		)	(5	)%	(5,535		)	(5	)%	97			—
Money market	10,849			13,590			14,134			13,112			13,147			10,849			13,147			2,298			21	%	2,298			21	%	35			—
Alternative	10,936			10,873			11,484			11,624			11,000			10,936			11,000			64			1	%	64			1	%	(624		)	(5	)%
Hybrid and other	19,295			20,054			19,921			17,645			16,532			19,295			16,532			(2,763		)	(14	)%	(2,763		)	(14	)%	(1,113		)	(6	)%
Total managed assets by type	$	293,905		$	292,937		$	296,001		$	286,646		$	267,992		$	293,905		$	267,992		$	(25,913	)	(9	)%	$	(25,913	)	(9	)%	$	(18,654	)	(7	)%

# Variance of 100% or greater.

13

Ameriprise Financial, Inc.

Asset Management Segment

First Quarter 2008

	1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		4 Qtr 2007		1 Qtr 2008
Mutual Fund Performance
RiverSource
Equal Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	56	%	70	%	65	%	45	%	41	%
Fixed income - 12 month	83	%	88	%	83	%	42	%	30	%
Equity - 3 year	65	%	65	%	73	%	69	%	73	%
Fixed income - 3 year	44	%	44	%	39	%	50	%	50	%
Equity - 5 year	53	%	44	%	44	%	40	%	44	%
Fixed income - 5 year	36	%	29	%	29	%	36	%	27	%
Asset Weighted Mutual Fund Rankings in top 2 Lipper Quartiles
Equity - 12 month	58	%	87	%	67	%	57	%	53	%
Fixed income - 12 month	97	%	97	%	93	%	30	%	9	%
Equity - 3 year	72	%	74	%	93	%	68	%	70	%
Fixed income - 3 year	46	%	46	%	46	%	54	%	60	%
Equity - 5 year	81	%	61	%	57	%	58	%	57	%
Fixed income - 5 year	28	%	44	%	44	%	45	%	17	%
Threadneedle
Equal Weighted Mutual Fund Rankings in top 2 S&P Quartiles
Equity - 12 month	57	%	63	%	77	%	80	%	90	%
Fixed income - 12 month	44	%	44	%	22	%	22	%	55	%
Equity - 3 year	50	%	64	%	76	%	83	%	86	%
Fixed income - 3 year	56	%	56	%	22	%	22	%	60	%
Equity - 5 year	42	%	29	%	46	%	58	%	64	%
Fixed income - 5 year	56	%	56	%	33	%	22	%	40	%

Equal Weighted Rankings in Top 2 Quartiles: Counts the number of Class A funds with above median ranking divided by the total number of Class A funds. Asset size is not a factor.

Asset Weighted Rankings in Top 2 Quartiles: Sums the assets of the Class A funds with above median ranking divided by the total Class A assets. Funds with more assets will receive a greater share of the total percentage above or below median.

Aggregated data shows only actively-managed mutual funds by affiliated investment managers.

Aggregated data does not include mutual funds sub-advised by advisors not affiliated with Ameriprise Financial, Inc., RiverSource S&P 500 Index Fund, RiverSource Cash Management Fund and RiverSource Tax Free Money Market Fund.

Aggregated equity rankings include RiverSource Portfolio Builder Series and other balanced and asset allocation funds that invest in both equities and fixed income.

RiverSource Portfolio Builder Series funds are funds of mutual funds that may invest in third-party sub-advised funds.

Aggregated data only includes mutual funds in existence as of current quarter end. Refer to Exhibit A for RiverSource individual mutual fund performance rankings and other important disclosures.

Exhibit A includes RiverSource performance rankings for funds sub-advised by non-affiliated advisors for general reference although not included in the summary above.

14

Ameriprise Financial, Inc.

Asset Management Segment - RiverSource

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
RiverSource - Funds
Beginning assets	$	81,691		$	82,085		$	86,988		$	88,575		$	86,864		$	81,691		$	86,864		$	5,173		6	%	$	5,173		6	%	$	(1,711	)	(2	)%
Net flows	(836		)	721			399			225			(636		)	(836		)	(636		)	200			24	%	200			24	%	(861		)	#
Market appreciation (depreciation) and other	1,230			4,182			1,188			(1,936		)	(5,996		)	1,230			(5,996		)	(7,226		)	#		(7,226		)	#		(4,060		)	#
Total ending assets	82,085			86,988			88,575			86,864			80,232			82,085			80,232			(1,853		)	(2	)%	(1,853		)	(2	)%	(6,632		)	(8	)%
Institutional
Beginning assets	59,131			57,238			55,827			56,007			54,821			59,131			54,821			(4,310		)	(7	)%	(4,310		)	(7	)%	(1,186		)	(2	)%
Net flows	(2,163		)	(996		)	(358		)	(1,403		)	(1,677		)	(2,163		)	(1,677		)	486			22	%	486			22	%	(274		)	(20	)%
Market appreciation (depreciation) and other	270			(415		)	538			217			(597		)	270			(597		)	(867		)	#		(867		)	#		(814		)	#
Total ending assets	57,238			55,827			56,007			54,821			52,547			57,238			52,547			(4,691		)	(8	)%	(4,691		)	(8	)%	(2,274		)	(4	)%
Alternative
Beginning assets	7,777			8,520			8,185			8,605			8,085			7,777			8,085			308			4	%	308			4	%	(520		)	(6	)%
Net flows	739			(332		)	426			(516		)	(483		)	739			(483		)	(1,222		)	#		(1,222		)	#		33			6	%
Market appreciation (depreciation) and other	4			(3		)	(6		)	(4		)	(309		)	4			(309		)	(313		)	#		(313		)	#		(305		)	#
Total ending assets	8,520			8,185			8,605			8,085			7,293			8,520			7,293			(1,227		)	(14	)%	(1,227		)	(14	)%	(792		)	(10	)%
Trust
Beginning assets	10,219			9,983			9,632			9,342			8,804			10,219			8,804			(1,415		)	(14	)%	(1,415		)	(14	)%	(538		)	(6	)%
Net flows	(322		)	(604		)	(415		)	(542		)	204			(322		)	204			526			#		526			#		746			#
Market appreciation (depreciation) and other	86			253			125			4			(97		)	86			(97		)	(183		)	#		(183		)	#		(101		)	#
Total ending assets	9,983			9,632			9,342			8,804			8,911			9,983			8,911			(1,072		)	(11	)%	(1,072		)	(11	)%	107			1	%
Other and Eliminations	(817		)	(768		)	(718		)	(709		)	(346		)	(817		)	(346		)	471			58	%	471			58	%	363			51	%
Total RiverSource managed assets	$	157,009		$	159,864		$	161,811		$	157,865		$	148,637		$	157,009		$	148,637		$	(8,372	)	(5	)%	$	(8,372	)	(5	)%	$	(9,228	)	(6	)%
Total Net Flows - RiverSource	$	(2,582	)	$	(1,211	)	$	52		$	(2,236	)	$	(2,592	)	$	(2,582	)	$	(2,592	)	$	(10	)	—		$	(10	)	—		$	(356	)	(16	)%

# Variance of 100% or greater.

15

Ameriprise Financial, Inc.

Asset Management Segment - Threadneedle

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Threadneedle Managed Assets Rollforward
Threadneedle Retail Funds
Beginning assets	$	28,112		$	28,741		$	30,494		$	31,540		$	30,822		$	28,112		$	30,822		$	2,710		10	%	$	2,710		10	%	$	(718	)	(2	)%
Net flows	(130		)	64			98			(211		)	(253		)	(130		)	(253		)	(123		)	(95	)%	(123		)	(95	)%	(42		)	(20	)%
Market appreciation (depreciation)	592			936			287			379			(2,489		)	592			(2,489		)	(3,081		)	#		(3,081		)	#		(2,868		)	#
Foreign currency translation (1)	128			613			573			(964		)	(16		)	128			(16		)	(144		)	#		(144		)	#		948			98	%
Other	39			140			88			78			90			39			90			51			#		51			#		12			15	%
Total ending assets	28,741			30,494			31,540			30,822			28,154			28,741			28,154			(587		)	(2	)%	(587		)	(2	)%	(2,668		)	(9	)%
Institutional
Beginning assets	111,151			110,960			105,247			105,450			100,057			111,151			100,057			(11,094		)	(10	)%	(11,094		)	(10	)%	(5,393		)	(5	)%
Net flows	(2,475		)	(11,037		)	(3,313		)	(4,516		)	(2,560		)	(2,475		)	(2,560		)	(85		)	(3	)%	(85		)	(3	)%	1,956			43	%
Market appreciation (depreciation)	936			1,838			585			1,468			(5,744		)	936			(5,744		)	(6,680		)	#		(6,680		)	#		(7,212		)	#
Foreign currency translation (1)	504			2,332			1,987			(3,167		)	(53		)	504			(53		)	(557		)	#		(557		)	#		3,114			98	%
Other	844			1,154			944			822			733			844			733			(111		)	(13	)%	(111		)	(13	)%	(89		)	(11	)%
Total ending assets	110,960			105,247			105,450			100,057			92,433			110,960			92,433			(18,527		)	(17	)%	(18,527		)	(17	)%	(7,624		)	(8	)%
Alternative
Beginning assets	2,089			2,398			2,657			2,814			3,479			2,089			3,479			1,390			67	%	1,390			67	%	665			24	%
Net flows	235			156			46			(2		)	265			235			265			30			13	%	30			13	%	267			#
Market appreciation (depreciation)	64			52			59			262			(71		)	64			(71		)	(135		)	#		(135		)	#		(333		)	#
Foreign currency translation (1)	10			51			52			(108		)	(3		)	10			(3		)	(13		)	#		(13		)	#		105			97	%
Other	—			—			—			513			10			—			10			10			—		10			—		(503		)	(98	)%
Total ending assets	2,398			2,657			2,814			3,479			3,680			2,398			3,680			1,282			53	%	1,282			53	%	201			6	%
Total Threadneedle managed assets	$	142,099		$	138,398		$	139,804		$	134,358		$	124,267		$	142,099		$	124,267		$	(17,832	)	(13	)%	$	(17,832	)	(13	)%	$	(10,091	)	(8	)%
Total Net Flows - Threadneedle	$	(2,370	)	$	(10,817	)	$	(3,169	)	$	(4,729	)	$	(2,548	)	$	(2,370	)	$	(2,548	)	$	(178	)	(8	)%	$	(178	)	(8	)%	$	2,181		46	%

⁽¹⁾ Amounts represent British Pound to US dollar conversion.

# Variance of 100% or greater.

16

Statistical Supplement Package

(unaudited)

First Quarter 2008

Annuities Segment

17

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	115		$	127		$	130		$	138		$	126		$	115		$	126		$	11		10	%	$	11		10	%	$	(12	)	(9	)%
Distribution fees	61			66			70			70			70			61			70			9			15	%	9			15	%	—			—
Net investment income	311			280			370			333			323			311			323			12			4	%	12			4	%	(10		)	(3	)%
Premiums	22			24			24			25			18			22			18			(4		)	(18	)%	(4		)	(18	)%	(7		)	(28	)%
Other revenues	17			23			25			73			27			17			27			10			59	%	10			59	%	(46		)	(63	)%
Total revenues	526			520			619			639			564			526			564			38			7	%	38			7	%	(75		)	(12	)%
Banking and deposit interest expense	—			—			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	526			520			619			639			564			526			564			38			7	%	38			7	%	(75		)	(12	)%
Expenses
Distribution expenses	45			51			50			48			45			45			45			—			—		—			—		(3		)	(6	)%
Interest credited to fixed accounts	183			189			177			160			143			183			143			(40		)	(22	)%	(40		)	(22	)%	(17		)	(11	)%
Benefits, claims, losses and settlement expenses	33			53			192			146			181			33			181			148			#		148			#		35			24	%
Amortization of deferred acquisition costs	89			76			53			100			94			89			94			5			6	%	5			6	%	(6		)	(6	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	58			65			56			57			59			58			59			1			2	%	1			2	%	2			4	%
Total expenses	408			434			528			511			522			408			522			114			28	%	114			28	%	11			2	%
Pretax income	$	118		$	86		$	91		$	128		$	42		$	118		$	42		$	(76	)	(64	)%	$	(76	)	(64	)%	$	(86	)	(67	)%
Pretax Operating Earnings
Pretax income	$	118		$	86		$	91		$	128		$	42		$	118		$	42		$	(76	)	(64	)%	$	(76	)	(64	)%	$	(86	)	(67	)%
Realized (gains) losses	(6		)	—			(12		)	(15		)	20			(6		)	20			26			#		26			#		35			#
Hedge investment (gains) losses (1)	4			24			(57		)	(66		)	(103		)	4			(103		)	(107		)	#		(107		)	#		(37		)	(56	)%
Mark-to-market for liability derivatives (1)	(28		)	(25		)	128			67			118			(28		)	118			146			#		146			#		51			76	%
Total pretax operating earnings	$	88		$	85		$	150		$	114		$	77		$	88		$	77		$	(11	)	(13	)%	$	(11	)	(13	)%	$	(37	)	(32	)%
Income Statement Metrics
Pretax income margin	22.4		%	16.5		%	14.7		%	20.0		%	7.4		%	22.4		%	7.4		%	(15.0		)%			(15.0		)%			(12.6		)%
Pretax operating earnings margin	16.7		%	16.3		%	24.2		%	17.8		%	13.7		%	16.7		%	13.7		%	(3.0		)%			(3.0		)%			(4.1		)%
Net Investment Income
Investment income on fixed maturities	$	308		$	290		$	279		$	267		$	253		$	308		$	253		$	(55	)	(18	)%	$	(55	)	(18	)%	$	(14	)	(5	)%
Realized gains (losses)	6			—			12			15			(20		)	6			(20		)	(26		)	#		(26		)	#		(35		)	#
Hedges related to interest credited	(1		)	9			2			(7		)	(17		)	(1		)	(17		)	(16		)	#		(16		)	#		(10		)	#
Hedges related to variable annuities benefits	(4		)	(24		)	57			66			103			(4		)	103			107			#		107			#		37			56	%
Other (including seed money)	2			5			20			(8		)	4			2			4			2			#		2			#		12			#
Total net investment income	$	311		$	280		$	370		$	333		$	323		$	311		$	323		$	12		4	%	$	12		4	%	$	(10	)	(3	)%
Balance Sheet Metrics
Allocated equity	$	2,292		$	2,151		$	2,128		$	2,100		$	2,005		$	2,292		$	2,005		$	(287	)	(13	)%	$	(287	)	(13	)%	$	(95	)	(5	)%
Pretax return on allocated equity	18.2		%	18.8		%	19.2		%	19.1		%	16.3		%	18.2		%	16.3		%	(1.9		)%			(1.9		)%			(2.8		)%
Other Metrics
Total annuity net flows	$	483		$	609		$	465		$	403		$	304		$	483		$	304		$	(179	)	(37	)%	$	(179	)	(37	)%	$	(99	)	(25	)%

⁽¹⁾ Guaranteed Minimum Withdrawal Benefit (GMWB) and Guaranteed Minimum Accumulation Benefit (GMAB) only.

#  Variance of 100% or greater.

18

Ameriprise Financial, Inc.

Annuities Segment

First Quarter 2008

Prior Year Comparisons

Year-to-Date

Qtr Chg - 1Q

YTD Chg - 1Q

Seq Qtr Chg - 1Q

(in millions unless otherwise noted, unaudited)

1 Qtr 2007

2 Qtr 2007

3 Qtr 2007

4 Qtr 2007

1 Qtr 2008

2007

2008

Diff.

%

Diff.

%

Diff.

%

Product Information

Variable Annuities

Pretax income	$	57		$	41		$	35		$	52		$	20		$	57		$	20		$	(37	)	(65	)%	$	(37	)	(65	)%	$	(32	)	(62	)%
Allocated equity	$	944		$	905		$	919		$	919		$	914		$	944		$	914		$	(30	)	(3	)%	$	(30	)	(3	)%	$	(5	)	(1	)%
Pretax return on allocated equity	19.2		%	20.6		%	20.8		%	19.6		%	16.1		%	19.2		%	16.1		%	(3.1		)%			(3.1		)%			(3.5		)%
Fixed Annuities(1)
Pretax income	$	61		$	45		$	56		$	76		$	22		$	61		$	22		$	(39	)	(64	)%	$	(39	)	(64	)%	$	(54	)	(71	)%
Allocated equity	$	1,348		$	1,246		$	1,209		$	1,181		$	1,091		$	1,348		$	1,091		$	(257	)	(19	)%	$	(257	)	(19	)%	$	(90	)	(8	)%
Pretax return on allocated equity	17.4		%	17.4		%	18.1		%	18.6		%	16.4		%	17.4		%	16.4		%	(1.0		)%			(1.0		)%			(2.2		)%
Variable Annuities Rollforward
Beginning balance	$	49,489		$	51,475		$	55,092		$	57,127		$	57,182		$	49,489		$	57,182		$	7,693		16	%	$	7,693		16	%	$	55		—
Deposits	2,706			2,982			2,649			2,474			2,129			2,706			2,129			(577		)	(21	)%	(577		)	(21	)%	(345		)	(14	)%
Withdrawals and terminations	(1,494		)	(1,634		)	(1,458		)	(1,368		)	(1,278		)	(1,494		)	(1,278		)	216			14	%	216			14	%	90			7	%
Net flows	1,212			1,348			1,191			1,106			851			1,212			851			(361		)	(30	)%	(361		)	(30	)%	(255		)	(23	)%
Investment performance and interest credited	770			2,265			847			(1,043		)	(3,577		)	770			(3,577		)	(4,347		)	#		(4,347		)	#		(2,534		)	#
Other	4			4			(3		)	(8		)	(12		)	4			(12		)	(16		)	#		(16		)	#		(4		)	(50	)%
Total ending balance - contract accumulation values	$	51,475		$	55,092		$	57,127		$	57,182		$	54,444		$	51,475		$	54,444		$	2,969		6	%	$	2,969		6	%	$	(2,738	)	(5	)%
Variable annuities fixed sub-accounts	$	5,674		$	5,416		$	5,542		$	5,419		$	5,389		$	5,674		$	5,389		$	(285	)	(5	)%	$	(285	)	(5	)%	$	(30	)	(1	)%
Fixed Annuities Rollforward
Beginning balance	$	14,884		$	14,285		$	13,652		$	13,046		$	12,463		$	14,884		$	12,463		$	(2,421	)	(16	)%	$	(2,421	)	(16	)%	$	(583	)	(4	)%
Deposits	83			77			81			76			79			83			79			(4		)	(5	)%	(4		)	(5	)%	3			4	%
Withdrawals and terminations	(812		)	(816		)	(807		)	(779		)	(626		)	(812		)	(626		)	186			23	%	186			23	%	153			20	%
Net flows	(729		)	(739		)	(726		)	(703		)	(547		)	(729		)	(547		)	182			25	%	182			25	%	156			22	%
Policyholder interest credited	128			143			120			108			92			128			92			(36		)	(28	)%	(36		)	(28	)%	(16		)	(15	)%
Other	2			(37		)	—			12			12			2			12			10			#		10			#		—			—
Total ending balance - contract accumulation values	$	14,285		$	13,652		$	13,046		$	12,463		$	12,020		$	14,285		$	12,020		$	(2,265	)	(16	)%	$	(2,265	)	(16	)%	$	(443	)	(4	)%
Capitalized Interest	$	2		$	2		$	2		$	1		$	2		$	2		$	2		$	—		—		$	—		—		$	1		#
Payout Annuities Reserve Balance	$	2,260		$	2,249		$	2,238		$	2,226		$	2,199		$	2,260		$	2,199		$	(61	)	(3	)%	$	(61	)	(3	)%	$	(27	)	(1	)%
Tax Equivalent Spread - Fixed Annuities (2)
Gross rate of return on invested assets	5.7		%	5.6		%	5.6		%	5.6		%	5.4		%	5.7		%	5.4		%	(0.3		)%			(0.3		)%			(0.2		)%
Crediting rate	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	(3.7		)%	—					—					—
Tax equivalent margin spread	2.0		%	1.9		%	1.9		%	1.9		%	1.7		%	2.0		%	1.7		%	(0.3		)%			(0.3		)%			(0.2		)%
Total Variable Annuities DAC
Beginning balance	$	2,004		$	1,898		$	1,988		$	2,067		$	2,086		$	2,004		$	2,086		$	82		4	%	$	82		4	%	$	19		1	%
Capitalization	121			124			113			111			103			121			103			(18		)	(15	)%	(18		)	(15	)%	(8		)	(7	)%
Amortization per income statement	(68		)	(56		)	(20		)	(80		)	(79		)	(68		)	(79		)	(11		)	(16	)%	(11		)	(16	)%	1			1	%
Cumulative effect of accounting change (3)	(146		)	—			—			—			36			(146		)	36			182			#		182			#		36			—
Other (FAS 115)	(13		)	22			(14		)	(12		)	(1		)	(13		)	(1		)	12			92	%	12			92	%	11			92	%
Total ending balance	$	1,898		$	1,988		$	2,067		$	2,086		$	2,145		$	1,898		$	2,145		$	247		13	%	$	247		13	%	$	59		3	%
Total Fixed Annuities DAC
Beginning balance	$	343		$	315		$	309		$	272		$	250		$	343		$	250		$	(93	)	(27	)%	$	(93	)	(27	)%	$	(22	)	(8	)%
Capitalization	2			1			2			2			2			2			2			—			—		—			—		—			—
Amortization per income statement	(21		)	(20		)	(33		)	(20		)	(15		)	(21		)	(15		)	6			29	%	6			29	%	5			25	%
Cumulative effect of accounting change (3)	(7		)	—			—			—			—			(7		)	—			7			#		7			#		—			—
Other (FAS 115)	(2		)	13			(6		)	(4		)	1			(2		)	1			3			#		3			#		5			#
Total ending balance	$	315		$	309		$	272		$	250		$	238		$	315		$	238		$	(77	)	(24	)%	$	(77	)	(24	)%	$	(12	)	(5	)%

⁽¹⁾ Includes payout annuities.

⁽²⁾ Attributable to interest sensitive products only, which have been 97% of the total ending fixed annuities accumulation values in the periods reported. The asset earnings rate is a calculated theoretical yield obtained from the assignment of investment income using the investment year method of allocation.

⁽³⁾ Reflects adoption of SOP 05-1 in Q1 2007 and FAS 157 in Q1 2008.

#  Variance of 100% or greater.

19

Statistical Supplement Package

(unaudited)

First Quarter 2008

Protection Segment

20

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	16		$	17		$	17		$	18		$	15		$	16		$	15		$	(1	)	(6	)%	$	(1	)	(6	)%	$	(3	)	(17	)%
Distribution fees	25			26			25			26			27			25			27			2			8	%	2			8	%	1			4	%
Net investment income	89			87			93			92			83			89			83			(6		)	(7	)%	(6		)	(7	)%	(9		)	(10	)%
Premiums	243			251			253			255			254			243			254			11			5	%	11			5	%	(1		)	—
Other revenues	108			105			107			133			113			108			113			5			5	%	5			5	%	(20		)	(15	)%
Total revenues	481			486			495			524			492			481			492			11			2	%	11			2	%	(32		)	(6	)%
Banking and deposit interest expense	—			1			—			—			—			—			—			—			—		—			—		—			—
Total net revenues	481			485			495			524			492			481			492			11			2	%	11			2	%	(32		)	(6	)%
Expenses
Distribution expenses	14			18			17			13			14			14			14			—			—		—			—		1			8	%
Interest credited to fixed accounts	34			35			37			35			35			34			35			1			3	%	1			3	%	—			—
Benefits, claims, losses and settlement expenses	218			211			225			196			226			218			226			8			4	%	8			4	%	30			15	%
Amortization of deferred acquisition costs	35			40			68			57			52			35			52			17			49	%	17			49	%	(5		)	(9	)%
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—			—
General and administrative expense	60			63			55			69			63			60			63			3			5	%	3			5	%	(6		)	(9	)%
Total expenses	361			367			402			370			390			361			390			29			8	%	29			8	%	20			5	%
Pretax income	$	120		$	118		$	93		$	154		$	102		$	120		$	102		$	(18	)	(15	)%	$	(18	)	(15	)%	$	(52	)	(34	)%
Pretax Operating Earnings
Pretax income	$	120		$	118		$	93		$	154		$	102		$	120		$	102		$	(18	)	(15	)%	$	(18	)	(15	)%	$	(52	)	(34	)%
Realized (gains) losses	(1		)	—			(3		)	(3		)	3			(1		)	3			4			#		4			#		6			#
Total pretax operating earnings	$	119		$	118		$	90		$	151		$	105		$	119		$	105		$	(14	)	(12	)%	$	(14	)	(12	)%	$	(46	)	(30	)%
Income Statement Metrics
Pretax income margin	24.9		%	24.3		%	18.8		%	29.4		%	20.7		%	24.9		%	20.7		%	(4.2		)%			(4.2		)%			(8.7		)%
Pretax operating earnings margin	24.7		%	24.3		%	18.2		%	28.8		%	21.3		%	24.7		%	21.3		%	(3.4		)%			(3.4		)%			(7.5		)%
Net Investment Income
Investment income on fixed maturities	$	81		$	81		$	81		$	82		$	79		$	81		$	79		$	(2	)	(2	)%	$	(2	)	(2	)%	$	(3	)	(4	)%
Realized gains (losses)	1			—			3			3			(3		)	1			(3		)	(4		)	#		(4		)	#		(6		)	#
Other (including seed money)	7			6			9			7			7			7			7			—			—		—			—		—			—
Total net investment income	$	89		$	87		$	93		$	92		$	83		$	89		$	83		$	(6	)	(7	)%	$	(6	)	(7	)%	$	(9	)	(10	)%
Balance Sheet Metrics
Allocated equity	$	2,174		$	2,145		$	2,308		$	2,318		$	2,358		$	2,174		$	2,358		$	184		8	%	$	184		8	%	$	40		2	%
Pretax return on allocated equity	22.1		%	23.1		%	20.2		%	21.8		%	20.7		%	22.1		%	20.7		%	(1.4		)%			(1.4		)%			(1.1		)%
Product Information
Long Term Care
Pretax income	$	7		$	7		$	3		$	2		$	—		$	7		$	—		$	(7	)	#		$	(7	)	#		$	(2	)	#
Allocated equity	$	564		$	542		$	552		$	550		$	593		$	564		$	593		$	29		5	%	$	29		5	%	$	43		8	%
Pretax return on allocated equity	6.2		%	6.0		%	3.3		%	3.4		%	2.1		%	6.2		%	2.1		%	(4.1		)%			(4.1		)%			(1.3		)%
Protection excluding Long Term Care
Pretax income	$	113		$	111		$	90		$	152		$	102		$	113		$	102		$	(11	)	(10	)%	$	(11	)	(10	)%	$	(50	)	(33	)%
Allocated equity	$	1,610		$	1,603		$	1,756		$	1,768		$	1,765		$	1,610		$	1,765		$	155		10	%	$	155		10	%	$	(3	)	—
Pretax return on allocated equity	27.5		%	29.0		%	25.9		%	27.9		%	26.8		%	27.5		%	26.8		%	(0.7		)%			(0.7		)%			(1.1		)%

# Variance of 100% or greater.

21

Ameriprise Financial, Inc.

Protection Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Cash Sales
VUL / UL (1)	$	84		$	88		$	88		$	82		$	64		$	84		$	64		$	(20	)	(24	)%	$	(20	)	(24	)%	$	(18	)	(22	)%
Term and whole life	5			5			5			5			4			5			4			(1		)	(20	)%	(1		)	(20	)%	(1		)	(20	)%
Disability insurance	5			5			4			4			4			5			4			(1		)	(20	)%	(1		)	(20	)%	—			—
Auto and Home	149			147			157			145			156			149			156			7			5	%	7			5	%	11			8	%
Total cash sales	$	243		$	245		$	254		$	236		$	228		$	243		$	228		$	(15	)	(6	)%	$	(15	)	(6	)%	$	(8	)	(3	)%
VUL / UL Policyholder Account Balances
Beginning balance	$	9,329		$	9,473		$	9,858		$	9,976		$	9,836		$	9,329		$	9,836		$	507		5	%	$	507		5	%	$	(140	)	(1	)%
Premiums and deposits	275			283			277			280			266			275			266			(9		)	(3	)%	(9		)	(3	)%	(14		)	(5	)%
Investment performance and interest	131			372			115			(156		)	(493		)	131			(493		)	(624		)	#		(624		)	#		(337		)	#
Withdrawals and surrenders	(276		)	(285		)	(287		)	(275		)	(267		)	(276		)	(267		)	9			3	%	9			3	%	8			3	%
Other	14			15			13			11			(6		)	14			(6		)	(20		)	#		(20		)	#		(17		)	#
Total ending balance	$	9,473		$	9,858		$	9,976		$	9,836		$	9,336		$	9,473		$	9,336		$	(137	)	(1	)%	$	(137	)	(1	)%	$	(500	)	(5	)%
Premiums by Product
Term and whole life	$	18		$	21		$	21		$	19		$	21		$	18		$	21		$	3		17	%	$	3		17	%	$	2		11	%
Disability insurance	41			42			42			42			43			41			43			2			5	%	2			5	%	1			2	%
Long term care	35			35			36			38			35			35			35			—			—		—			—		(3		)	(8	)%
Auto and Home	141			144			146			147			148			141			148			7			5	%	7			5	%	1			1	%
Intercompany premiums	8			9			8			9			7			8			7			(1		)	(13	)%	(1		)	(13	)%	(2		)	(22	)%
Total premiums by product	$	243		$	251		$	253		$	255		$	254		$	243		$	254		$	11		5	%	$	11		5	%	$	(1	)	—
Auto and Home Insurance
Policy Count (thousands)	496			505			512			517			524			496			524			28			6	%	28			6	%	7			1	%
Loss ratio	71.0		%	78.8		%	78.1		%	69.3		%	79.8		%	71.0		%	79.8		%	8.8		%			8.8		%			10.5		%
Expense ratio	18.2		%	17.1		%	18.0		%	15.5		%	16.8		%	18.2		%	16.8		%	(1.4		)%			(1.4		)%			1.3		%
Combined ratio	89.2		%	95.9		%	96.1		%	84.8		%	96.6		%	89.2		%	96.6		%	7.4		%			7.4		%			11.8		%
DAC Rollforward
Life and Health
Beginning balance	$	2,064		$	2,042		$	2,085		$	2,086		$	2,093		$	2,064		$	2,093		$	29		1	%	$	29		1	%	$	7		—
Capitalization	57			60			54			57			46			57			46			(11		)	(19	)%	(11		)	(19	)%	(11		)	(19	)%
Amortization per income statement	(24		)	(28		)	(54		)	(46		)	(40		)	(24		)	(40		)	(16		)	(67	)%	(16		)	(67	)%	6			13	%
SOP 05-1 (Cumulative pretax impact)	(51		)	—			—			—			—			(51		)	—			51			#		51			#		—			—
Other (FAS 115)	(4		)	11			1			(4		)	(2		)	(4		)	(2		)	2			50	%	2			50	%	2			50	%
Total ending balance	$	2,042		$	2,085		$	2,086		$	2,093		$	2,097		$	2,042		$	2,097		$	55		3	%	$	55		3	%	$	4		—
Life Insurance in-Force	$	177,374		$	181,080		$	184,304		$	187,095		$	188,643		$	177,374		$	188,643		$	11,269		6	%	$	11,269		6	%	$	1,548		1	%
Net Amount at Risk	$	60,967		$	60,185		$	59,516		$	59,100		$	58,395		$	60,967		$	58,395		$	(2,572	)	(4	)%	$	(2,572	)	(4	)%	$	(705	)	(1	)%
Net Policyholder Reserves
VUL / UL	$	8,388		$	8,783		$	8,915		$	8,780		$	8,293		$	8,388		$	8,293		$	(95	)	(1	)%	$	(95	)	(1	)%	$	(487	)	(6	)%
Term and whole life	234			234			233			233			233			234			233			(1		)	—		(1		)	—		—			—
Disability insurance	408			414			419			426			431			408			431			23			6	%	23			6	%	5			1	%
Long term care and other	2,257			2,275			2,300			2,320			2,339			2,257			2,339			82			4	%	82			4	%	19			1	%
Auto and Home loss and LAE reserves	352			360			361			339			333			352			333			(19		)	(5	)%	(19		)	(5	)%	(6		)	(2	)%
Total net policyholder reserves	$	11,639		$	12,066		$	12,228		$	12,098		$	11,629		$	11,639		$	11,629		$	(10	)	—		$	(10	)	—		$	(469	)	(4	)%

⁽¹⁾ Includes lump sum deposits.

#  Variance of 100% or greater.

22

Statistical Supplement Package

(unaudited)

First Quarter 2008

Corporate & Other Segment

23

Ameriprise Financial, Inc.

Corporate & Other Segment

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.			%
Revenues
Management and financial advice fees	$	—		$	—		$	1		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—		—
Distribution fees	—			—			—			—			—			—			—			—			—		—			—		—			—
Net investment income	9			2			(3		)	14			8			9			8			(1		)	(11	)%	(1		)	(11	)%	(6		)	(43	)%
Premiums	—			—			—			—			—			—			—			—			—		—			—		—			—
Other revenues	7			(1		)	(2		)	3			2			7			2			(5		)	(71	)%	(5		)	(71	)%	(1		)	(33	)%
Total revenues	16			1			(4		)	17			10			16			10			(6		)	(38	)%	(6		)	(38	)%	(7		)	(41	)%
Banking and deposit interest expense	2			1			2			1			1			2			1			(1		)	(50	)%	(1		)	(50	)%	—			—
Total net revenues	14			—			(6		)	16			9			14			9			(5		)	(36	)%	(5		)	(36	)%	(7		)	(44	)%
Expenses
Distribution expenses	—			1			—			—			—			—			—			—			—		—			—		—			—
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—			—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—			—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—			—
Interest and debt expense	29			29			27			27			26			29			26			(3		)	(10	)%	(3		)	(10	)%	(1		)	(4	)%
General and administrative expense	24			48			40			47			14			24			14			(10		)	(42	)%	(10		)	(42	)%	(33		)	(70	)%
Total expenses before separation costs (1)	53			78			67			74			40			53			40			(13		)	(25	)%	(13		)	(25	)%	(34		)	(46	)%
Separation costs	85			63			60			28			—			85			—			(85		)	#		(85		)	#		(28		)	#
Total expenses	138			141			127			102			40			138			40			(98		)	(71	)%	(98		)	(71	)%	(62		)	(61	)%
Pretax loss	$	(124	)	$	(141	)	$	(133	)	$	(86	)	$	(31	)	$	(124	)	$	(31	)	$	93		75	%	$	93		75	%	$	55		64	%
Balance Sheet Metrics
Allocated equity	$	1,586		$	1,842		$	1,767		$	1,751		$	1,730		$	1,586		$	1,730		$	144		9	%	$	144		9	%	$	(21	)	(1	)%

⁽¹⁾ See non-GAAP Financial Information.

#  Variance of 100% or greater.

24

Ameriprise Financial, Inc.

Eliminations ⁽¹⁾

First Quarter 2008

																						Prior Year Comparisons
																Year-to-Date						Qtr Chg - 1Q					YTD Chg - 1Q					Seq Qtr Chg - 1Q
(in millions unless otherwise noted, unaudited)	1 Qtr 2007			2 Qtr 2007			3 Qtr 2007			4 Qtr 2007			1 Qtr 2008			2007			2008			Diff.			%		Diff.			%		Diff.		%
Revenues
Management and financial advice fees	$	(12	)	$	(13	)	$	(14	)	$	(14	)	$	(13	)	$	(12	)	$	(13	)	$	(1	)	(8	)%	$	(1	)	(8	)%	$	1	7	%
Distribution fees	(290		)	(302		)	(279		)	(276		)	(251		)	(290		)	(251		)	39			13	%	39			13	%	25		9	%
Net investment income	(2		)	(2		)	(1		)	(3		)	(2		)	(2		)	(2		)	—			—		—			—		1		33	%
Premiums	(8		)	(9		)	(8		)	(9		)	(7		)	(8		)	(7		)	1			13	%	1			13	%	2		22	%
Other revenues	—			—			—			—			—			—			—			—			—		—			—		—		—
Total revenues	(312		)	(326		)	(302		)	(302		)	(273		)	(312		)	(273		)	39			13	%	39			13	%	29		10	%
Banking and deposit interest expense	(1		)	(3		)	(1		)	(3		)	(3		)	(1		)	(3		)	(2		)	#		(2		)	#		—		—
Total net revenues	(311		)	(323		)	(301		)	(299		)	(270		)	(311		)	(270		)	41			13	%	41			13	%	29		10	%
Expenses
Distribution expenses	(256		)	(268		)	(250		)	(239		)	(221		)	(256		)	(221		)	35			14	%	35			14	%	18		8	%
Interest credited to fixed accounts	—			—			—			—			—			—			—			—			—		—			—		—		—
Benefits, claims, losses and settlement expenses	—			—			—			—			—			—			—			—			—		—			—		—		—
Amortization of deferred acquisition costs	—			—			—			—			—			—			—			—			—		—			—		—		—
Interest and debt expense	—			—			—			—			—			—			—			—			—		—			—		—		—
General and administrative expense	(55		)	(55		)	(51		)	(60		)	(49		)	(55		)	(49		)	6			11	%	6			11	%	11		18	%
Total expenses	(311		)	(323		)	(301		)	(299		)	(270		)	(311		)	(270		)	41			13	%	41			13	%	29		10	%
Pretax income	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		—		$	—		—		$	—	—

⁽¹⁾ The majority of the amounts represent the impact of inter-segment transfer pricing for both revenues and expenses.

#  Variance of 100% or greater.

25

Statistical Supplement Package

(unaudited)

First Quarter 2008

Balance Sheet and Ratings Information

26

Ameriprise Financial, Inc.

Consolidated Balance Sheets

(in millions, unaudited)	March 31, 2007			June 30, 2007			September 30, 2007			December 31, 2007			March 31, 2008
Assets
Cash and cash equivalents	$	2,444		$	3,333		$	4,002		$	3,836		$	3,904
Investments	34,411			31,669			31,126			30,625			29,808
Separate account assets	56,281			60,470			62,371			61,974			58,442
Receivables	3,264			3,559			3,323			3,441			3,441
Deferred acquisition costs	4,337			4,462			4,502			4,503			4,549
Restricted and segregated cash	1,193			1,296			1,225			1,332			1,142
Other assets	3,530			3,718			3,621			3,519			3,616
Total assets	$	105,460		$	108,507		$	110,170		$	109,230		$	104,902
Liabilities
Future policy benefits and claims	$	29,149		$	28,316		$	28,048		$	27,446		$	27,164
Separate account liabilities	56,281			60,470			62,371			61,974			58,442
Customer deposits	6,483			6,055			6,029			6,201			6,307
Debt	2,243			2,221			2,215			2,018			2,018
Accounts payable and accrued expenses	993			1,114			1,077			1,187			834
Other liabilities	2,580			2,731			2,672			2,594			2,556
Total liabilities	97,729			100,907			102,412			101,420			97,321
Shareholders’ Equity
Common shares ($.01 par)	3			3			3			3			3
Additional paid-in capital	4,468			4,533			4,593			4,630			4,637
Retained earnings	4,268			4,428			4,591			4,811			4,938
Treasury stock	(865		)	(1,009		)	(1,180		)	(1,467		)	(1,710		)
Accumulated other comprehensive income (loss), net of tax	(143		)	(355		)	(249		)	(167		)	(287		)
Total shareholders’ equity	7,731			7,600			7,758			7,810			7,581
Total liabilities and shareholders’ equity	$	105,460		$	108,507		$	110,170		$	109,230		$	104,902

27

Ameriprise Financial, Inc.

Capital and Ratings Information

(in millions unless otherwise noted, unaudited)	March 31, 2007			June 30, 2007			September 30, 2007			December 31, 2007			March 31, 2008
Debt Summary
Senior notes	$	1,500		$	1,500		$	1,500		$	1,500		$	1,500
Junior subordinated notes (2)	500			500			500			500			500
Non-recourse debt
Debt of CDO	225			197			197			—			—
Debt for inverse floaters	18			24			18			18			18
Total non-recourse debt	243			221			215			18			18
Total debt	$	2,243		$	2,221		$	2,215		$	2,018		$	2,018
Total debt	$	2,243		$	2,221		$	2,215		$	2,018		$	2,018
Total non-recourse debt	(243		)	(221		)	(215		)	(18		)	(18		)
Total debt excluding non-recourse debt (1)	2,000			2,000			2,000			2,000			2,000
Junior subordinated notes 75% equity credit (2)	(375		)	(375		)	(375		)	(375		)	(375		)
Total debt excluding non-recourse debt and 75% equity credit (1),(2)	$	1,625		$	1,625		$	1,625		$	1,625		$	1,625
Total shareholders’ equity	$	7,731		$	7,600		$	7,758		$	7,810		$	7,581
Total capital	9,974			9,821			9,973			9,828			9,599
Total capital excluding non-recourse debt (1)	$	9,731		$	9,600		$	9,758		$	9,810		$	9,581
Other Information
Debt to total capital	22.5 %			22.6		%	22.2		%	20.5		%	21.0		%
Debt to total capital excluding non-recourse debt (1)	20.6 %			20.8		%	20.5		%	20.4		%	20.9		%
Debt to total capital excluding non-recourse debt and 75% equity credit (1)	16.7 %			16.9		%	16.7		%	16.6		%	17.0		%

Ratings (as of March 31, 2008)	A.M. Best	S & P	Moody’s	Fitch
Claims Paying Ratings
RiverSource Life Insurance Company	A+	AA-	Aa3	AA-
IDS Property Casualty Ins. Company	A	N/R	N/R	N/R
Debt Ratings
Ameriprise Financial, Inc.	a-	A-	A3	A-

⁽¹⁾           See non-GAAP Financial Information.

⁽²⁾           The Company’s junior subordinated notes receive an equity credit of at least 75% by the majority of rating agencies.

28

Ameriprise Financial, Inc.

Investments

(in millions unless otherwise noted, unaudited)	March 31, 2007			June 30, 2007			September 30, 2007			December 31, 2007			March 31, 2008
Cash and cash equivalents	$	2,444		$	3,333		$	4,002		$	3,836		$	3,904
Investments - Ending Balances
Available-for-Sale Securities (“AFS”)
Corporate debt securities	16,147			14,735			14,471			13,943			13,493
Mortgage backed securities	7,444			6,494			6,267			6,282			6,155
Commercial mortgage backed securities	3,322			3,151			3,075			3,043			2,944
Asset backed securities	1,192			1,042			1,044			1,068			1,031
Total mortgage and other asset backed securities	11,958			10,687			10,386			10,393			10,130
Structured investments	47			46			48			46			42
State and municipal obligations	1,085			1,069			1,054			1,035			1,004
US government and agencies obligations	362			355			360			328			333
Foreign government bonds and obligations	135			132			133			112			113
Common and preferred stocks	60			58			58			58			51
Other AFS	7			11			54			16			20
Total other	1,696			1,671			1,707			1,595			1,563
Total available-for-sale securities	29,801			27,093			26,564			25,931			25,186
Commercial mortgage loans	3,031			3,004			3,025			3,115			3,127
Allowance for loan losses	(40		)	(40		)	(18		)	(18		)	(18		)
Commercial mortgage loans, net	2,991			2,964			3,007			3,097			3,109
Policy loans	664			679			693			706			713
Trading securities	592			610			551			504			428
Other investments	363			323			311			387			372
Total investments	34,411			31,669			31,126			30,625			29,808
Total cash, cash equivalents and investments	$	36,855		$	35,002		$	35,128		$	34,461		$	33,712
SFAS 115 Mark-to-market AFS	$	(203	)	$	(618	)	$	(434	)	$	(316	)	$	(500	)
AFS Fixed Maturity Asset Quality - %
AAA	44		%	44		%	43		%	44		%	44		%
AA	10		%	10		%	11		%	10		%	10		%
AFS securities AA and above	54		%	54		%	54		%	54		%	54		%
A	16		%	16		%	16		%	16		%	16		%
BBB	24		%	24		%	24		%	24		%	24		%
Below investment grade	6		%	6		%	6		%	6		%	6		%
Total AFS fixed maturity asset quality -%	100		%	100		%	100		%	100		%	100		%
Fair Value of Below Investment Grade as a % of Total cash and investments	6 %			6		%	5		%	6		%	5		%

29

Ameriprise Financial, Inc.

Non-GAAP Financial Information

Ameriprise Financial, Inc. (the Company) follows accounting principles generally accepted in the United States (U.S. GAAP).  This report includes information on both a U.S. GAAP and non-GAAP basis.

Certain non-GAAP measures in this report exclude items that are a direct result of our separation from American Express Company, consisting of non-recurring separation costs.  These non-GAAP financial measures, which our management views as important indicators of financial performance, include:

· Adjusted earnings;

· Separation costs, after-tax;

· Adjusted pretax income;

· Adjusted pretax margin;

· Adjusted earnings margin;

· Adjusted return on equity;

· Adjusted earnings per diluted share;

· Pretax operating earnings;

· Pretax operating earnings margin;

· Total expenses before separation costs for the Corporate & Other segment; and

· Pretax income and separation costs (adjusted pretax income).

Management believes that the presentation of these non-GAAP financial measures excluding these specific income statement impacts best reflect the underlying performance of the Company’s ongoing operations and facilitates a more meaningful trend analysis.  These non-GAAP measures are also used for goal setting, certain compensation related to the Company’s annual incentive award program and evaluating the Company’s performance on a basis comparable to that used by securities analysts.

The Company presents debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with
FIN 46(R),  EITF 04-5 and other accounting literature and with a 75% equity credit for the Company’s junior subordinated debt.  Management believes that the debt to capital ratios excluding this non-recourse debt better represent the Company’s capital structure.

Reclassification

Certain prior period information has been restated to conform to current period presentation.

30

Ameriprise Financial, Inc.

Glossary of Selected Terminology - Segments

Advice & Wealth Management - This segment provides financial advice and full service brokerage and banking services, primarily to retail clients, through our financial advisors. Our advisors distribute a diversified selection of both proprietary and non-proprietary products to help clients meet their financial needs. A significant portion of revenues in this segment are fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. We also earn net investment income on owned assets from primarily certificate and banking products. This segment earns revenues (Distribution fees) for distributing non-proprietary products and earns intersegment revenues (Distribution fees) for distributing our proprietary products and services to our retail clients. Intersegment expenses for this segment include expenses for investment management services provided by our Asset Management segment.

Asset Management - This segment provides investment advice and investment products to retail and institutional clients. Threadneedle Investments predominantly provides international investment products and services, and RiverSource Investments predominantly provides domestic products and services. Domestic retail products are primarily distributed through our Advice & Wealth Management segment and also through third-party distribution. International retail products are primarily distributed through third parties. Products accessed by consumers on a retail basis include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales force. Institutional asset management products include traditional asset classes separate accounts, collateralized loan obligations, hedge funds and property funds. Revenues in this segment are primarily earned as fees based on managed asset balances which are impacted by both market movements and net asset flows. This segment earns intersegment revenue for investment management services. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management, Annuities and Protection segments.

Annuities - This segment provides RiverSource Life variable and fixed annuity products to our retail clients primarily distributed through our Advice & Wealth Managment segment and to the retail clients of unaffiliated distributors through third-party distribution. Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. Revenues for our fixed annuity products are primarily earned as net investment income on underlying account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. We also earn net investment income on owned assets supporting annuity benefits reserves and capital supporting the business. Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable annuity contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Protection - This segment offers a variety of protection products to address the identified protection and risk management needs of our retail clients including life, disability income and property-casualty insurance. Life and disability income products are primarily distributed through our Advice & Wealth Management segment. Our property-casualty products are sold direct, primarily through affinity relationships. The primary sources of revenues for this segment are premiums, fees, and charges that we receive to assume insurance-related risk. We earn net investment income on owned assets supporting insurance reserves and capital supporting the business. We also receive fees based on the level of assets supporting variable universal life separate account balances. This segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource funds under the variable universal life contracts. Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.

Corporate & Other - This segment consists of net investment income on corporate level assets, including unallocated equity and other revenues from various investments as well as unallocated corporate expenses. This segment also includes non-recurring costs associated with our separation from American Express, which ended in 2007.

31

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Adjusted Earnings - Adjustment to net income including the after-tax effect on separation costs.

Adjusted Earnings Margin - A ratio using as the numerator adjusted earnings and as the denominator total net revenues.

Adjusted Pretax Income - Adjustments made to income before tax provision for separation costs.

Adjusted Pretax Margin - A ratio using as the numerator pretax income excluding separation costs and as the denominator total net revenues.

Adjusted Return on Equity - Adjusted return on equity (“ROE”) is calculated using adjusted earnings in the numerator for the last twelve months and equity excluding the equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

Administered Assets - Administered assets include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts. These assets include those held in clients’ brokerage accounts. We do not exercise management discretion over these assets and do not earn a management fee. These assets are not reported on our Consolidated Balance Sheets.

Alternative Assets - Assets reported by the Company that include Hedge Funds and Collateralized Debt Obligations (“CDO”).

Allocated Equity - The internal allocation of consolidated shareholders’ equity, excluding accumulated other comprehensive income (loss), to our operating segments for purposes of measuring segment return on allocated equity.  Allocated equity does not represent insurance company risk-based capital or other regulatory capital requirements applicable to us and certain of our subsidiaries. For the Corporate & Other segment, allocated equity also includes any excess capital.

Auto & Home Insurance - Personal auto and home protection products marketed directly to customers through marketing affiliates such as Costco Wholesale Corporation, Delta Loyalty Management Services, Inc. and Ford Motor Credit Company. We sell these products through our auto and home subsidiary, IDS Property Casualty Insurance Company (doing business as Ameriprise Auto & Home Insurance).

Book Value per Share - Total shareholders’ equity divided by the number of basic common shares outstanding at period-end.

Cash Sales - Cash sales are the dollar value volume indicator that captures gross new cash inflows which generate product revenue streams to our company. This includes primarily “client initiated” activity that results in an incremental increase in assets (owned, managed or administered), or premiums in-force (but doesn’t need to result in time of sale revenue), or activity that doesn’t increase assets or premiums in-force, but generates “fee revenue”.

Debt to Total Capital Ratio - A ratio comprised of total debt divided by total capital. We also present debt to capital ratios excluding non-recourse debt of structured entities consolidated in accordance with FIN 46(R),  EITF 04-5 and other accounting literature and with a 75% equity credit for our junior subordinate debt.

Deferred Acquisition Costs and Amortization - Deferred acquisition costs (“DAC”) represents the costs of acquiring new protection, annuity and certain mutual fund business, principally direct sales commissions and other distribution and underwriting costs that have been deferred on the sale of annuity, life, disability income and long term care insurance and, to a lesser extent, deferred marketing and promotion expenses on auto and home insurance and deferred distribution costs on certain mutual fund products. These costs are deferred to the extent they are recoverable from future profits.

Emerging Issues Task Force (“EITF”) Issue No. 04-5, “Determining Whether a General Partner, or the General Partners as a Group, Controls a Limited Partnership or Similar Entity When the Limited Partners Have Certain Rights” (“EITF 04-5”) - - EITF 04-5 provides guidance on whether a partnership should be consolidated by one of its partners. Our adoption of EITF 04-5 effective January 1, 2006 resulted in the consolidation of certain limited partnerships for which we are the general partner. As a result, we consolidate certain property fund limited partnerships managed by Threadneedle Investments and certain hedge funds managed by RiverSource Investments.

Financial Planning Penetration - The period-end number of current clients who have received a financial plan, or have entered into an agreement to receive and have paid for a financial plan, divided by the number of active retail client groups, serviced by branded financial advisors.

Life Insurance in-Force - The total amount of all life insurance death benefits currently insured by our company.

Managed External Client Assets - Managed external client assets include client assets for which we provide investment management services, such as the assets of the RiverSource family of mutual funds, assets of institutional clients and client assets held in wrap accounts (retail accounts for which we receive an advice fee based on assets held in the account).  Managed external client assets also include assets managed by sub-advisors selected by us. Managed external client assets are not reported on our Consolidated Balance Sheets.

Managed Owned Assets - Managed owned assets include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees, such as the assets of the general account and RiverSource Variable Product funds held in the separate accounts of our life insurance subsidiaries.

Net Amount at Risk - Life insurance in-force less policyholder reserves net of re-insurance.

Net Flows - Sales less redemptions and miscellaneous flows which may include reinvested dividends.

Net Income Margin - A ratio representing net income as a percentage of total net revenues.

32

Ameriprise Financial, Inc.

Glossary of Selected Terminology

Owned Assets - Owned assets include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-proprietary funds held in the separate accounts of our life insurance subsidiaries, as well as restricted and segregated cash and receivables.

Pretax Income (Loss) - Income (loss) before income tax provision (benefit).

Pretax Income Margin - A ratio representing pretax income as a percentage of total net revenues.

Pretax Return on Allocated Equity - Calculated using pretax income for the last twelve months and the average allocated equity as of the last day of the trailing four quarters and current quarter end.

Securities America - Securities America Financial Corporation (“SAFC”) is a corporation whose sole function is to hold the stock of its operating subsidiaries, Securities America, Inc. (“SAI”) and Securities America Advisors, Inc. (“SAA”). SAI is a registered broker-dealer and an insurance agency. SAA is an SEC registered investment advisor.

Separate Accounts - Represent assets and liabilities that are maintained and established primarily for the purpose of funding variable entity and insurance products. The assets of the separate account are only available to fund the liabilities of the variable entity contractholders and others with contracts requiring premiums or other deposits to the separate account. Clients elect to invest premiums in stock, bond and/or money market funds depending on their risk tolerance. All investment performance, net of fees, is passed through to the client.

Separation Costs - Separation costs include expenses related to our separation from American Express Company. These costs are primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing our technology platforms and advisor and employee retention programs.  These costs will end in 2007.

Separation costs, after-tax - For this non-GAAP presentation of non-recurring separation costs, after-tax is calculated in each quarter using the statutory tax rate of 35%, adjusted for permanent differences, if any.

SOP 05-1 (“Statement of Position”), “Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts” - SOP 05-1 provides guidance on accounting for DAC associated with any insurance or annuity contract that is significantly modified or internally replaced with another contract.

Third Party Distribution - Distribution of RiverSource products, which include a variety of equity and fixed income mutual funds, annuities and insurance products, to retail clients through unaffiliated financial institutions and broker-dealers.  The Third Party channel is separate from the Branded Advisor, Threadneedle, SAFC, and Institutional sales channels.

Threadneedle - Threadneedle Asset Management Holdings Limited is a holding for the London-based Threadneedle group of companies, which provide investment management products and services.

Total Capital - Total shareholders’ equity plus total debt. Total capital is also presented excluding non-recourse debt.

Wrap Accounts - Wrap accounts enable our clients to purchase other securities such as mutual funds in connection with investment advisory fee-based “wrap account” programs or services. We offer clients the opportunity to select products that include proprietary and non-proprietary funds. We currently offer both discretionary and non-discretionary investment advisory wrap accounts. In a discretionary wrap account, an unaffiliated investment advisor or our investment management subsidiary, RiverSource Investments, LLC chooses the underlying investments in the portfolio on behalf of the client. In a non-discretionary wrap account, the client chooses the underlying investments in the portfolio based, to the extent the client elects, in part or whole on the recommendations of their financial advisor. Investors in our wrap accounts generally pay an asset-based fee based on the assets held in their wrap accounts. These investors also pay any related fees or costs included in the underlying securities held in that account, such as underlying mutual fund operating expenses and Rule 12b-1 fees.

33

Exhibit A

Statistical Supplement Package

(unaudited)

First Quarter 2008

RiverSource^® Mutual Fund Performance and

Lipper Ranking

Ameriprise Financial, Inc.

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Emerging Market Funds
Threadneedle Emerging Markets Fund	650.00	3/31/2008	1.83	19.63	40	%	29.56	32	%	33.07	65	%	11.34	54	%	11/13/1996	10.99	11/14/1996	50	%	5.75	12.76	27.02	31.50	10.68	10.41
Lipper Fund Ranking / Total Funds in Category					105 / 268			61 / 195			110 / 169			52 / 96					33 / 66
Equity Income Funds
RiverSource Diversified Equity Income Fund	6,967.00	3/31/2008	1.00	-4.53	40	%	9.52	14	%	18.53	3	%	7.05	12	%	10/15/1990	11.97	10/18/1990	27	%	5.75	-10.02	7.37	17.13	6.42	11.59
Lipper Fund Ranking / Total Funds in Category					107 / 273			29 / 212			3 / 144			11 / 96					7 / 25
RiverSource Dividend Opportunity Fund	1,719.60	3/31/2008	1.15	-8.26	69	%	7.44	32	%	11.52	63	%	3.57	70	%	8/1/1988	9.21	8/4/1988	77	%	5.75	-13.53	5.34	10.21	2.96	8.88
Lipper Fund Ranking / Total Funds in Category					188 / 273			68 / 212			91 / 144			67 / 96					16 / 20
European Region Funds
Threadneedle European Equity Fund	127.00	3/31/2008	1.43	0.69	17	%	15.53	40	%	19.87	69	%				6/26/2000	3.34	6/26/2000	80	%	5.75	-5.10	13.27	18.45		2.55
Lipper Fund Ranking / Total Funds in Category					17 / 103			38 / 94			59 / 85								48 / 59
Flexible Portfolio Funds
RiverSource Strategic Allocation Fund	1,990.10	3/31/2008	1.13	-4.74	83	%	7.07	42	%	10.91	49	%	3.77	78	%	1/23/1985	10.43	1/31/1985	34	%	5.75	-10.22	4.97	9.60	3.16	10.15
Lipper Fund Ranking / Total Funds in Category					121 / 146			44 / 105			45 / 92			44 / 56					2 / 5
Global Large Cap Growth Funds
Threadneedle Global Equity Fund	718.80	3/31/2008	1.39	0.56	49	%	13.06	17	%	17.13	27	%	3.41	68	%	5/29/1990	6.09	5/31/1990	80	%	5.75	-5.22	10.85	15.75	2.80	5.74
Lipper Fund Ranking / Total Funds in Category					52 / 107			14 / 82			16 / 59			21 / 30					4 / 4
Gold-Oriented Funds
RiverSource Precious Metals and Mining Fund	136.30	3/31/2008	1.40	16.37	94	%	27.66	80	%	25.53	76	%	13.28	82	%	4/22/1985	8.60	4/30/1985	50	%	5.75	9.67	25.17	24.05	12.61	8.32
Lipper Fund Ranking / Total Funds in Category					58 / 61			42 / 52			34 / 44			22 / 26					5 / 9
International Large Cap Core Funds
Threadneedle International Opportunity Fund	594.30	3/31/2008	1.34	-1.09	45	%	13.39	39	%	18.61	61	%	2.59	92	%	11/15/1984	8.68	11/15/1984	80	%	5.75	-6.78	11.18	17.21	1.98	8.41
Lipper Fund Ranking / Total Funds in Category					92 / 206			70 / 182			103 / 168			85 / 92					4 / 4
International Multi Cap Growth Funds
RiverSource Disciplined International Equity Fund	826.20	3/31/2008	1.46	-2.13	77	%										5/18/2006	9.02	5/18/2006	59	%	5.75	-7.76				5.62
Lipper Fund Ranking / Total Funds in Category					178 / 232														119 / 202
RiverSource Partners International Select Growth Fund (2)	671.60	3/31/2008	1.61	0.22	63	%	15.13	49	%	22.52	34	%				9/28/2001	13.58	9/28/2001	40	%	5.75	-5.54	12.88	21.07		12.55
Lipper Fund Ranking / Total Funds in Category					145 / 232			80 / 164			46 / 136								45 / 112
International Multi Cap Value Funds
RiverSource Partners International Select Value Fund (2)	1,943.80	3/31/2008	1.38	-8.54	80	%	12.26	49	%	21.38	48	%				9/28/2001	14.13	9/28/2001	42	%	5.75	-13.80	10.06	19.95		13.10
Lipper Fund Ranking / Total Funds in Category					102 / 128			44 / 89			37 / 77								26 / 61
International Small/Mid Cap Core Funds
RiverSource Partners International Small Cap Fund (2)	105.00	3/31/2008	1.90	-7.19	54	%	10.80	72	%	21.29	74	%				10/3/2002	19.39	10/3/2002	72	%	5.75	-12.53	8.64	19.86		18.11
Lipper Fund Ranking / Total Funds in Category					31 / 57			36 / 49			36 / 48								30 / 41
Large Cap Core Funds
RiverSource Large Cap Equity Fund	4,755.10	3/31/2008	1.09	-8.46	76	%	4.38	62	%	8.68	77	%				3/28/2002	2.84	3/28/2002	61	%	5.75	-13.72	2.34	7.40		1.84
Lipper Fund Ranking / Total Funds in Category					622 / 828			425 / 685			437 / 567								315 / 523
RiverSource Disciplined Equity Fund	3,303.80	3/31/2008	1.05	-7.02	68	%	5.47	41	%							4/24/2003	9.59	4/24/2003	34	%	5.75	-12.36	3.41			8.28
Lipper Fund Ranking / Total Funds in Category					556 / 828			276 / 685											193 / 573
Large Cap Growth Funds
RiverSource Growth Fund	2,637.50	3/31/2008	1.19	-9.72	98	%	4.06	78	%	7.32	85	%	-1.04	94	%	3/1/1972	11.18	3/2/1972	32	%	5.75	-14.91	2.03	6.05	-1.62	11.00
Lipper Fund Ranking / Total Funds in Category					724 / 739			476 / 615			443 / 521			233 / 247					8 / 24
Large Cap Value Fund
RiverSource Equity Value Fund	1,002.20	3/31/2008	1.09	-4.39	20	%	9.00	9	%	16.04	6	%	4.25	48	%	3/20/1995	9.02	3/23/1995	56	%	5.75	-9.89	6.87	14.67	3.64	8.53
Lipper Fund Ranking / Total Funds in Category					103 / 536			40 / 463			21 / 381			77 / 161					56 / 99
RiverSource Large Cap Value Fund	64.40	3/31/2008	1.28	-10.50	68	%	3.95	70	%	10.63	80	%				6/27/2002	6.30	6/27/2002	70	%	5.75	-15.64	1.92	9.33		5.21
Lipper Fund Ranking / Total Funds in Category					364 / 536			324 / 463			304 / 381								237 / 338
Long/Short Equity Funds
RiverSource 120/20 Contrarian Equity Fund	40.90	3/31/2008	2.21													10/18/2007					5.75
Lipper Fund Ranking / Total Funds in Category
RiverSource 130/30 U.S. Equity Fund	18.40	3/31/2008	2.40													10/18/2007					5.75
Lipper Fund Ranking / Total Funds in Category
Mid Cap Core Funds
RiverSource Disciplined Small and Mid-Cap Equity Fund	37.10	3/31/2008	1.67	-19.63	96	%										5/18/2006	-7.58	5/18/2006	99	%	5.75	-24.25				-10.47
Lipper Fund Ranking / Total Funds in Category					335 / 349														319 / 322
Mid Cap Growth Funds
RiverSource Mid Cap Growth Fund	851.80	3/31/2008	1.08	-5.53	64	%	3.99	84	%	8.72	96	%	4.03	65	%	6/4/1957	^				5.75	-10.97	1.96	7.44	3.41	^
Lipper Fund Ranking / Total Funds in Category					389 / 607			422 / 503			396 / 414			115 / 178
RiverSource Partners Aggressive Growth Fund 2	550.80	3/31/2008	1.58	6.82	9	%	10.11	25	%							4/24/2003	15.51	4/24/2003	16	%	5.75	0.68	7.96			14.13
Lipper Fund Ranking / Total Funds in Category					53 / 607			126 / 503											66 / 418

35

Ameriprise Financial, Inc.

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Mid Cap Value Funds
RiverSource Mid Cap Value Fund	2,311.20	3/31/2008	1.23	-6.10	14	%	9.75	7	%	21.83	5	%				2/14/2002	12.32	2/14/2002	11	%	5.75	-11.50	7.61	20.40		11.24
Lipper Fund Ranking / Total Funds in Category					46 / 330			16 / 256			9 / 203								18 / 167
Mixed-Asset Target 2010 Funds
RiverSource Retirement PlusSM 2010 Fund	15.90	3/31/2008	2.03	-4.52	91	%										5/18/2006	4.35	5/18/2006	71	%	5.75	-10.01				1.09
Lipper Fund Ranking / Total Funds in Category					140 / 154														75 / 105
Mixed-Asset Target 2020 Funds
RiverSource Retirement Plus 2015 Fund	28.10	3/31/2008	2.41	-5.54	87	%										5/18/2006	4.33	5/18/2006	55	%	5.75	-10.97				1.08
Lipper Fund Ranking / Total Funds in Category					191 / 221														77 / 141
RiverSource Retirement Plus 2020 Fund	30.70	3/31/2008	1.77	-6.09	93	%										5/18/2006	4.26	5/18/2006	59	%	5.75	-11.49				1.00
Lipper Fund Ranking / Total Funds in Category					205 / 221														83 / 141
Mixed-Asset Target 2030 Funds
RiverSource Retirement Plus 2025 Fund	33.50	3/31/2008	2.14	-6.83	85	%										5/18/2006	3.71	5/18/2006	68	%	5.75	-12.18				0.48
Lipper Fund Ranking / Total Funds in Category					167 / 196														82 / 121
RiverSource Retirement Plus 2030 Fund	30.90	3/31/2008	2.12	-6.70	83	%										5/18/2006	4.04	5/18/2006	53	%	5.75	-12.07				0.79
Lipper Fund Ranking / Total Funds in Category					163 / 196														64 / 121
Mixed-Asset Target 2040 Funds
RiverSource Retirement Plus 2035 Fund	20.40	3/31/2008	3.69	-6.65	74	%										5/18/2006	3.64	5/18/2006	59	%	5.75	-12.02				0.40
Lipper Fund Ranking / Total Funds in Category					203 / 276														86 / 146
RiverSource Retirement Plus 2040 Fund	12.60	3/31/2008	2.25	-6.71	75	%										5/18/2006	3.95	5/18/2006	49	%	5.75	-12.08				0.70
Lipper Fund Ranking / Total Funds in Category					205 / 276														72 / 146
RiverSource Retirement Plus 2045 Fund	10.10	3/31/2008	5.57	-6.65	73	%										5/18/2006	3.82	5/18/2006	52	%	5.75	-12.02				0.58
Lipper Fund Ranking / Total Funds in Category					202 / 276														75 / 146
Mixed-Asset Target Allocation Conservative Funds
RiverSource Portfolio Builder Conservative Fund	172.30	3/31/2008	1.06	2.68	18	%	4.98	33	%							3/4/2004	4.40	3/4/2004	31	%	4.75	-2.20	3.29			3.16
Lipper Fund Ranking / Total Funds in Category					75 / 431			86 / 266											67 / 218
RiverSource Portfolio Builder Moderate Conservative Fund	364.90	3/31/2008	1.10	1.46	38	%	5.82	12	%							3/4/2004	5.37	3/4/2004	10	%	4.75	-3.36	4.11			4.12
Lipper Fund Ranking / Total Funds in Category					164 / 431			31 / 266											21 / 218
Mixed-Asset Target Allocation Growth Funds
RiverSource Portfolio Builder Moderate Aggressive Fund	1,108.90	3/31/2008	1.23	-0.98	34	%	7.07	25	%							3/4/2004	6.64	3/4/2004	22	%	5.75	-6.68	4.98			5.10
Lipper Fund Ranking / Total Funds in Category					226 / 667			135 / 539											106 / 486
Mixed-Asset Target Allocation Moderate Funds
RiverSource Balanced Fund	875.20	3/31/2008	1.07	-5.32	87	%	4.59	70	%	8.68	47	%	0.59	95	%	4/16/1940	^				5.75	-10.76	2.54	7.40	0.00	^
Lipper Fund Ranking / Total Funds in Category					394 / 457			231 / 331			110 / 235			128 / 135
RiverSource Portfolio Builder Moderate Fund	998.30	3/31/2008	1.16	0.12	28	%	6.58	20	%							3/4/2004	6.25	3/4/2004	17	%	5.75	-5.64	4.50			4.71
Lipper Fund Ranking / Total Funds in Category					125 / 457			64 / 331											48 / 288
Multi Cap Core Funds
RiverSource Disciplined Large Cap Growth Fund	166.50	3/31/2008	1.44													5/17/2007					5.75
Lipper Fund Ranking / Total Funds in Category
RiverSource Partners Fundamental Value Fund (2)	890.70	3/31/2008	1.18	-4.98	46	%	5.77	55	%	12.27	43	%				6/18/2001	4.66	6/18/2001	32	%	5.75	-10.44	3.70	10.95		3.75
Lipper Fund Ranking / Total Funds in Category					395 / 869			363 / 663			215 / 504								119 / 377
RiverSource Portfolio Builder Aggressive Fund	532.80	3/31/2008	1.29	-2.99	28	%	7.43	26	%							3/4/2004	6.89	3/4/2004	24	%	5.75	-8.57	5.33			5.35
Lipper Fund Ranking / Total Funds in Category					235 / 869			169 / 663											137 / 581
RiverSource Portfolio Builder Total Equity Fund	473.30	3/31/2008	1.34	-4.88	45	%	7.79	22	%							3/4/2004	7.20	3/4/2004	19	%	5.75	-10.35	5.68			5.66
Lipper Fund Ranking / Total Funds in Category					389 / 869			142 / 663											106 / 581
Multi Cap Value Funds
RiverSource Partners Select Value  Fund (2)	405.10	3/31/2008	1.39	-9.60	40	%	5.00	48	%	12.20	53	%				3/8/2002	7.35	3/8/2002	13	%	5.75	-14.79	2.94	10.88		6.31
Lipper Fund Ranking / Total Funds in Category					173 / 441			157 / 332			140 / 267								28 / 222
Real Estate Funds
RiverSource Real Estate Fund	181.90	3/31/2008	1.51	-17.29	33	%	12.28	32	%							3/4/2004	13.00	3/4/2004	23	%	5.75	-22.04	10.08			11.37
Lipper Fund Ranking / Total Funds in Category					106 / 321			73 / 232											46 / 201
S&P 500 Index Objective Funds
RiverSource S&P 500 Index Fund 3	202.30	3/31/2008	0.68	-5.43			5.26			10.64						10/25/1999	1.27	10/28/1999			—	-5.43	5.26	10.64		1.27
Science & Technology Fund
RiverSource Global Technology Fund	137.00	3/31/2008	1.60	-5.95	63	%	9.20	29	%	16.38	14	%	2.64	54	%	11/13/1996	4.73	11/14/1996	65	%	5.75	-11.36	7.07	15.01	2.04	4.18
Lipper Fund Ranking / Total Funds in Category					169 / 270			70 / 241			30 / 221			30 / 55					27 / 41

36

Ameriprise Financial, Inc.

Equity Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Gross													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Small Cap Core Funds
RiverSource Partners Small Cap Equity Fund (2)	210.60	3/31/2008	1.58	-12.58	40	%	3.45	58	%	14.33	47	%				3/8/2002	5.52	3/8/2002	70	%	5.75	-17.60	1.43	12.99		4.50
Lipper Fund Ranking / Total Funds in Category					314 / 795			361 / 626			227 / 485								296 / 423
RiverSource Partners Small Cap Value Fund (2)	532.00	3/31/2008	1.59	-15.19	61	%	3.50	57	%	14.15	53	%				6/18/2001	8.31	6/18/2001	33	%	5.75	-20.07	1.47	12.81		7.37
Lipper Fund Ranking / Total Funds in Category					485 / 795			357 / 626			253 / 485								117 / 363
RiverSource Small Cap Advantage Fund	292.40	3/31/2008	1.32	-17.26	75	%	0.83	87	%	12.59	76	%				5/4/1999	5.22	5/6/1999	88	%	5.75	-22.02	-1.14	11.26		4.52
Lipper Fund Ranking / Total Funds in Category					592 / 795			540 / 626			368 / 485								213 / 243
RiverSource Small Company Index Fund	661.10	3/31/2008	0.93	-11.13	32	%	4.56	42	%	14.74	40	%	6.10	52	%	8/19/1996	8.91	8/22/1996	59	%	5.75	-16.24	2.51	13.38	5.48	8.36
Lipper Fund Ranking / Total Funds in Category					254 / 795			258 / 626			191 / 485			95 / 183					60 / 101
Small Cap Growth Funds
RiverSource Partners Small Cap Growth Fund (2)	170.10	3/31/2008	1.76	-6.82	29	%	6.53	28	%	12.59	54	%				1/24/2001	-0.06	1/24/2001	67	%	5.75	-12.17	4.45	11.26		-0.88
Lipper Fund Ranking / Total Funds in Category					172 / 598			130 / 475			212 / 393								206 / 309
Small Cap Value Funds
RiverSource Disciplined Small Cap Value Fund	36.80	3/31/2008	1.73	-18.27	77	%										2/16/2006	-6.23	2/16/2006	86	%	5.75	-22.97				-8.81
Lipper Fund Ranking / Total Funds in Category					236 / 306														227 / 264

^{^}        Since fund inception returns and rankings are not available. Actual fund inception date pre-dates data in Lipper database.

⁽¹⁾     Since inception returns and rankings for periods less than one year in length are cumulative.

⁽²⁾     Mutual funds subadvised by advisors not affiliated with Ameriprise Financial, Inc.

⁽³⁾RiverSource S&P 500 Index Fund data is for D shares.

37

Ameriprise Financial, Inc.

Fixed Income Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

The performance information shown represents past performance and is not a guarantee of future results.  The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance information shown.  You may obtain performance information current to the most recent month-end by visiting riversource.com/funds.

				Rankings and Annualized Returns at NAV (1)																	Annualized Returns @ POP (1)
	Total Net	Total Net	Total													Fund	Since				Max. Front
	Assets	Assets	Expense	1 year			3 years			5 years			10 years			Inception	Inception	Ranking Since			Sales					Since
Class A Shares by Lipper Category	(Mil $ )	Date	Ratio	Return	Ranking		Return	Ranking		Return	Ranking		Return	Ranking		Date	Return	Date	Ranking		Charge	1 year	3 years	5 years	10 years	Inception
Taxable Funds
Emerging Markets Debt Funds
RiverSource Emerging Markets Bond Fund	141.50	3/31/2008	1.33	2.55	50	%										2/16/2006	6.31	2/16/2006	40	%	4.75	-2.32				3.90
Lipper Fund Ranking / Total Funds in Category					33 / 66														22 / 55
Equity Market Neutral Funds
RiverSource Absolute Return Currency & Income Fund	552.30	3/31/2008	1.36	1.28	41	%										6/15/2006	4.59	6/15/2006	28	%	3	-1.76				2.83
Lipper Fund Ranking / Total Funds in Category					27 / 65														13 / 46
Global Income Funds
RiverSource Global Bond Fund	763.80	3/31/2008	1.37	10.74	62	%	5.12	59	%	6.54	54	%	5.39	48	%	3/20/1989	7.57	3/23/1989	38	%	4.75	5.48	3.43	5.51	4.88	7.30
Lipper Fund Ranking / Total Funds in Category					68 / 109			53 / 90			45 / 83			26 / 54					3 / 7
High Current Yield Funds
RiverSource High Yield Bond Fund	1,379.10	3/31/2008	1.08	-5.24	77	%	4.52	34	%	8.52	25	%	3.07	62	%	12/8/1983	7.79	12/8/1983	46	%	4.75	-9.74	2.84	7.47	2.57	7.58
Lipper Fund Ranking / Total Funds in Category					349 / 453			127 / 381			80 / 332			99 / 160					10 / 21
RiverSource Income Opportunities Fund	275.70	3/31/2008	1.14	-2.94	29	%	4.29	43	%							6/19/2003	6.04	6/19/2003	49	%	4.75	-7.55	2.61			4.96
Lipper Fund Ranking / Total Funds in Category					130 / 453			163 / 381											165 / 341
Intermediate Investment Grade Debt Funds
RiverSource Diversified Bond Fund	3,505.70	3/31/2008	0.97	2.85	73	%	4.05	53	%	3.78	52	%	4.37	82	%	10/3/1974	8.96	10/3/1974	25	%	4.75	-2.03	2.38	2.77	3.87	8.80
Lipper Fund Ranking / Total Funds in Category					400 / 552			247 / 467			206 / 396			157 / 192					1 / 3
Loan Participation Funds
RiverSource Floating Rate Fund	494.30	3/31/2008	1.07	-6.97	59	%										2/16/2006	0.45	2/16/2006	43	%	3	-9.76				-0.98
Lipper Fund Ranking / Total Funds in Category					41 / 69														24 / 56
Mixed-Asset Target Allocation Conservative Funds
RiverSource Income Builder Basic Income Fund	313.80	3/31/2008	1.06	-0.35	60	%										2/16/2006	4.73	2/16/2006	22	%	4.75	-5.09				2.35
Lipper Fund Ranking / Total Funds in Category					258 / 431														79 / 360
RiverSource Income Builder Moderate Income Fund	613.30	3/31/2008	1.09	-2.28	82	%										2/16/2006	4.42	2/16/2006	33	%	4.75	-6.92				2.05
Lipper Fund Ranking / Total Funds in Category					353 / 431														116 / 360
RiverSource Income Builder Enhanced Income Fund	318.20	3/31/2008	1.18	-3.60	88	%										2/16/2006	4.20	2/16/2006	40	%	4.75	-8.18				1.84
Lipper Fund Ranking / Total Funds in Category					377 / 431														141 / 360
Multi-Sector Income Funds
RiverSource Strategic Income Allocation Fund	173.40	3/31/2008	1.27													5/17/2007					4.75
Lipper Fund Ranking / Total Funds in Category
Short-Intermediate Investment Grade Debt Funds
RiverSource Limited Duration Bond Fund	173.80	3/31/2008	1.11	2.87	71	%	3.45	68	%							6/19/2003	2.66	6/19/2003	54	%	3	-0.22	2.41			2.01
Lipper Fund Ranking / Total Funds in Category					106 / 149			97 / 142											67 / 124
Short U.S. Government Funds
RiverSource Short Duration U.S. Government Fund	824.20	3/31/2008	1.03	4.20	83	%	3.70	82	%	2.40	76	%	3.76	87	%	8/19/1985	6.17	8/31/1985	17	%	3	1.08	2.65	1.78	3.44	6.03
Lipper Fund Ranking / Total Funds in Category					72 / 86			67 / 81			57 / 74			44 / 50					1 / 5
Treasury Inflation Protected Securities Funds
RiverSource Inflation Protected Securities Fund	769.80	3/31/2008	0.98	13.96	49	%	6.13	43	%							3/4/2004	5.36	3/4/2004	48	%	3	10.54	5.06			4.57
Lipper Fund Ranking / Total Funds in Category					63 / 128			39 / 90											29 / 60
U.S. Mortgage Funds
RiverSource U.S. Government Mortgage Fund	395.60	3/31/2008	1.17	3.77	56	%	4.02	47	%	3.55	45	%				2/14/2002	4.22	2/14/2002	44	%	4.75	-1.16	2.34	2.55		3.40
Lipper Fund Ranking / Total Funds in Category					47 / 84			37 / 78			31 / 69								29 / 66
Tax-Exempt Funds
California Municipal Debt Funds
RiverSource California Tax-Exempt Fund	178.10	3/31/2008	0.88	-1.05	49	%	2.65	48	%	3.21	50	%	3.97	50	%	8/18/1986	5.55	8/31/1986	80	%	4.75	-5.75	0.99	2.21	3.47	5.31
Lipper Fund Ranking / Total Funds in Category					58 / 118			51 / 107			51 / 102			37 / 73					16 / 19
General Municipal Debt Funds
RiverSource Tax-Exempt High Income Fund	2,675.40	3/31/2008	1.13	-0.68	61	%	2.52	50	%	2.94	59	%	3.82	54	%	5/7/1979	6.57	5/31/1979	41	%	4.75	-5.40	0.87	1.94	3.32	6.39
Lipper Fund Ranking / Total Funds in Category					142 / 234			107 / 217			125 / 211			79 / 147					9 / 21
RiverSource Tax-Exempt Bond Fund	686.50	3/31/2008	0.94	-0.25	51	%	2.61	46	%	2.86	62	%	3.87	50	%	11/24/1976	5.80	11/30/1976	75	%	4.75	-4.98	0.96	1.86	3.36	5.64
Lipper Fund Ranking / Total Funds in Category					118 / 234			100 / 217			131 / 211			74 / 147					6 / 7
Intermediate Municipal Debt Funds
RiverSource Intermediate Tax-Exempt Fund	74.80	3/31/2008	0.95	1.23	86	%	2.60	79	%	2.59	74	%	3.72	80	%	11/13/1996	3.89	11/14/1996	86	%	3	-1.80	1.57	1.97	3.40	3.61
Lipper Fund Ranking / Total Funds in Category					136 / 158			112 / 141			89 / 120			61 / 76					60 / 69
Minnesota Municipal Debt Funds
RiverSource Minnesota Tax-Exempt Fund	300.70	3/31/2008	1.06	0.63	44	%	2.75	52	%	3.05	52	%	3.96	45	%	8/18/1986	5.66	8/31/1986	67	%	4.75	-4.15	1.09	2.06	3.46	5.42
Lipper Fund Ranking / Total Funds in Category					21 / 47			21 / 40			21 / 40			15 / 33					4 / 5
New York Municipal Debt Funds
RiverSource New York Tax-Exempt Fund	57.40	3/31/2008	1.18	0.32	55	%	2.66	53	%	2.96	59	%	3.93	52	%	8/18/1986	5.44	8/31/1986	89	%	4.75	-4.45	1.01	1.96	3.42	5.21
Lipper Fund Ranking / Total Funds in Category					55 / 99			50 / 94			55 / 93			36 / 69					15 / 16

⁽¹⁾ Since inception returns and rankings for periods less than one year in length are cumulative.

38

Ameriprise Financial, Inc.

Fund Performance & Lipper Ranking

As of March 31, 2008

Source of Data:  Lipper

Important Disclosures

Rankings based on annualized total returns, excluding sales charges.  Net asset value (NAV) returns for all periods would have been lower if the applicable sales charges were included.

Please note the following about the “Ranking since” Lipper Rankings: In order to obtain a more accurate “since inception” Lipper Ranking for funds with an inception prior to 2000, the  Thursday or month-end date following the actual inception date was used, rather than the actual inception date.  When researching since inception rankings, please use the “Ranking Since” date.

Please note the following about the “Annualized Returns @ POP”:  The POP return is calculated assuming a one-time purchase of the Fund at the maximum sales charge listed in the exhibit.

RiverSource S&P 500 Index Fund has no sales loads, however, a redemption fee of 0.50% is charged on shares redeemed within 180 days of purchase.

Net assets per fund include all share classes.  Assets for RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are invested in other RiverSource Funds and therefore would be double counted if assets are summed to reach a total.  Please see page 15 to find total RiverSource Fund assets as of the quarter end.

Fee waivers were in place for each subadvised fund shown and the return would have been lower for each Fund had fee waivers not been in place.

39

Ameriprise Financial, Inc.

Important Disclosures - continued

An investment in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although these funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

You should consider the investment objectives, risks, and charges and expenses of mutual funds carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (800) 297-3863, TTY: (800) 846-4852.  Read the prospectus carefully before investing.

The RiverSource Global Technology Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

Investments in small- and mid-capitalization companies often involve greater risk and potential volatility than investments in larger, more established companies.

The RiverSource Precious Metals Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives.

The RiverSource Real Estate Fund is a narrowly focused sector fund and it may exhibit higher volatility than funds with broader investment objectives. An investment in a real estate fund is subject to the same risks as a direct investment in real estate. Such risks include market risk, economic risk and mortgage rate risk.

International investing involves increased risk and volatility, not typically associated with domestic investing, due to changes in currency exchange rates, foreign government regulations, differences in auditing and accounting standards, potential political and economic instability, limited liquidity and volatile prices. The risks of international investing are particularly significant in emerging markets.

There are risks associated with an investment in a bond fund, including the impact of interest rates, credit and inflation. These and other risk considerations are discussed in the fund’s prospectus. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities. Non-investment grade securities, commonly called “high-yield” or “junk” bonds,  generally have more volatile prices and carry more risk to principle and income than investment grade securities.

High yield funds invest in lower-rated bonds, which generally have more volatile prices and carry more risk to principal and income than investment grade securities.

Principal risks associated with the RiverSource Inflation Protected Securities Fund include style risk, interest rate risk, market risk, credit risk, liquidity risk and sector/concentration risk.

Treasury Inflation Protected Securities (TIPS) are backed by the full faith and credit of the U.S. government. The U.S. government guarantee applies only to the underlying TIPS securities, and not the Fund itself.

Income from tax-exempt funds may be subject to state and local taxes, and a portion of income may be subject to the federal and/or state alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distribution.

Shares of the RiverSource Short Duration U.S. Government Fund and the RiverSource U.S. Government Mortgage Fund are not insured or guaranteed by the U.S. government.

The Floating Rate Fund invests primarily in floating rate loans, the market value of which may fluctuate, sometimes rapidly and unpredictably.  The principal risks of investing in the fund include liquidity risk, interest rate risk, credit risk, counterparty risk, highly leveraged transactions risk, derivatives risk, confidential information access risk, and impairment of collateral risk. Generally, when interest rates rise, the prices of fixed income securities fall, however, securities or loans with floating interest rates can be less sensitive to interest rate changes, but they may decline in value if their interest rates do not rise as much as interest rates in general. Limited liquidity may affect the ability of the fund to purchase or sell floating rate loans and may have a negative impact on fund performance.  The floating rate loans and securities in which the fund invests generally are lower-rated (non-investment grade) and are more likely to experience a default, which results in more volatile prices and more risk to principal and income than investment grade loans or securities. See the Fund’s prospectus for information on these and other risks associated with the Fund.

The RiverSource Portfolio Builder Funds, RiverSource Income Builder Funds and RiverSource Retirement Plus Funds are “funds of funds” comprised of holdings in several different RiverSource funds, which may include small cap, mid cap, large cap, money market, international, bond and/or other sector funds. Specific risk considerations are discussed in each fund’s prospectus. Each of the underlying funds in which the portfolio invests has its own investment risks, and those risks can affect the value of each portfolio’s shares and investments. See each fund’s prospectus for specific risks that may be associated with the underlying funds.

“Standard & Poor’s®,” “S&P,” “S&P 500®,” and “Standard & Poor’s 500®” are trademarks of the McGraw-Hill Companies, Inc. These trademarks and service marks have been licensed for use by RiverSource Investments. The Funds are not sponsored, endorsed, sold or promoted by Standard & Poor’s or any of their subsidiaries or affiliates (the “Licensors”) and the Licensors make no representation regarding the advisability of investing in the Funds.

40

Exhibit B

Statistical Supplement Package

(unaudited)

First Quarter 2008

Reconciliation Tables

Ameriprise Financial, Inc.

Reconciliation Table: Adjusted Pretax Income and Adjusted Earnings

											Year-to-Date
(in millions unless otherwise noted, unaudited)	1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		4 Qtr 2007		1 Qtr 2008		2007		2008
Adjusted Pretax Income (1)
Pretax income	$	216	$	245	$	217	$	338	$	195	$	216	$	195
Separation costs	85		63		60		28		—		85		—
Adjusted pretax income	$	301	$	308	$	277	$	366	$	195	$	301	$	195
Adjusted Earnings (1)
Net income	$	165	$	196	$	198	$	255	$	191	$	165	$	191
Separation costs, after-tax (2)	55		41		39		19		—		55		—
Adjusted earnings	$	220	$	237	$	237	$	274	$	191	$	220	$	191

⁽¹⁾     See non-GAAP Financial Information.

⁽²⁾In GAAP financial statements, separation costs are part of continuing operations. For this non-GAAP presentation, after-tax separation costs are calculated using the statutory tax rate of 35%.

42

Ameriprise Financial, Inc.

Return on Equity Calculation

(in millions, unaudited)		ROE (1)			Adjustments			Adjusted ROE (2)
Return on Equity Calculation for the Twelve Months Ended:
March 31, 2007
	Return	$	651		$	246		$	897
	Equity	$	7,597		$	(215	)	$	7,382
	Return on Equity	8.6		%				12.2		%
June 30, 2007
	Return	$	706		$	233		$	939
	Equity	$	7,649		$	(158	)	$	7,491
	Return on Equity	9.2		%				12.5		%
September 30, 2007
	Return	$	730		$	215		$	945
	Equity	$	7,753		$	(102	)	$	7,651
	Return on Equity	9.4		%				12.4		%
December 31, 2007
	Return	$	814		$	154		$	968
	Equity	$	7,765		$	(58	)	$	7,707
	Return on Equity	10.5		%				12.6		%
March 31, 2008
	Return	$	840		$	99		$	939
	Equity	$	7,696		$	(29	)	$	7,667
	Return on Equity	10.9		%				12.2		%

⁽¹⁾Return on equity is calculated using the trailing twelve months income in the numerator and equity, calculated using a five point average of quarter-end equity, in the denominator.

⁽²⁾Adjusted return on equity is calculated using adjusted earnings (excluding non-recurring separation costs) in the numerator, and equity excluding the equity allocated to expected non-recurring separation costs as of the last day of the preceding four quarters and the current quarter in the denominator.

43

Exhibit C

Statistical Supplement Package

(unaudited)

First Quarter 2008

Disclosed Items

44

Ameriprise Financial, Inc.

Disclosed Items

First Quarter 2008

	Asset Management			Annuities						Protection						Corporate			Consolidated
				Investment			Mean			Investment			Mean			Investment
(in millions, unaudited)	EITF 04-5 (1)			Losses (2)			Reversion (3)			Losses (2)			Reversion (3)			Losses (2)			Tax Impact (4)		Consolidated
Revenues
Management and financial advice fees	$	(1	)	$	—		$	—		$	—		$	—		$	—		$	—	$	(1	)
Distribution fees	—			—			—			—			—			—			—		—
Net investment income				(20		)	—			(3		)	—			(1		)			(24		)
Premiums	—			—			—			—			—			—			—		—
Other revenues	(3		)	—			—			—			—			—			—		(3		)
Total revenues	(4		)	(20		)	—			(3		)	—			(1		)	—		(28		)
Banking and deposit interest expense	—			—			—			—			—			—			—		—
Total net revenues	(4		)	(20		)	—			(3		)	—			(1		)	—		(28		)
Expenses
Distribution expenses	—			—			—			—			—			—			—		—
Interest credited to fixed accounts	—			—			—			—			—			—			—		—
Benefits, claims, losses and settlement expenses	—			—			3			—			—			—			—		3
Amortization of deferred acquisition costs	—			—			22			—			2			—			—		24
Interest and debt expense	—			—			—			—			—			—			—		—
General and administrative expense	(4		)	—			—			—			—			—			—		(4		)
Total expenses	(4		)	—			25			—			2			—			—		23
Pretax income	$	—		$	(20	)	$	(25	)	$	(3	)	$	(2	)	$	(1	)	$	—	$	(51	)
Tax Benefit																			$	38	$	38

⁽¹⁾       In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

⁽²⁾       Pretax realized net investment gains and (losses)

⁽³⁾       Mean reversion of DAC

⁽⁴⁾       Exceptional tax adjustments

        VA rider hedge impact can be found on page 18 of the Statistical Supplement

        Supplemental market impact disclosures can be found on page 10 of the press release dated 04/22/2008

45

Ameriprise Financial, Inc.

Disclosed Items

Fourth Quarter 2007

	A&WM			Asset Management					Annuities							Protection										Corporate
	Increased					EITF					Mean			Investment		Investment		Increased			Mean					Increased
(in millions, unaudited)	Reserves (1)			Wachovia (2)		04-5 (3)			VIE (4)		Reversion (5)			Gains (6)		Gains (6)		Reserves (1)			Reversion (5)			VIE (4)		Reserves (1)			Consolidated
Revenues
Management and financial advice fees	$	—		$	—	$	(1	)	$	—	$	—		$	—	$	—	$	—		$	—		$	—	$	—		$	(1	)
Distribution fees	—			—					—		—			—		—		—			—			—		—			—
Net investment income	—			—		1			—		—			15		3		—			—			—		—			19
Premiums	—			—		—			—		—			—		—		—			—			—		—			—
Other revenues	—			25		(30		)	49		—			—		—		—			—			19		—			63
Total revenues	—			25		(30		)	49		—			15		3		—			—			19		—			81
Banking and deposit interest expense	—			—		—			—		—			—		—		—			—			—		—			—
Total net revenues	—			25		(30		)	49		—			15		3		—			—			19		—			81
Expenses
Distribution expenses	—			—		—			—		—			—		—		—			—			—		—			—
Interest credited to fixed accounts	—			—		—			—		—			—		—		—			—			—		—			—
Benefits, claims, losses and settlement expenses	—			—		—			—		—			—		—		—			—			—		—			—
Amortization of deferred acquisition costs	—			—		—			—		7			—		—		—			1			—		—			8
Interest and debt expense	—			—		—			—		—			—		—		—			—			—		—			—
General and administrative expense	21			—		(30		)	—		—			—		—		5			—			—		14			10
Total expenses	21			—		(30		)	—		7			—		—		5			1			—		14			18
Pretax income	$	(21	)	$	25	$	—		$	49	$	(7	)	$	15	$	3	$	(5	)	$	(1	)	$	19	$	(14	)	$	63

⁽¹⁾         Increased reserves related to legal and regulatory and other contingencies

⁽²⁾         Additional proceeds from the 2006 sale of our defined contribution recordkeeping business

⁽³⁾         In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

⁽⁴⁾         Additional gains associated with the deconsolidation of a variable interest entity

⁽⁵⁾         Mean reversion of DAC

⁽⁶⁾         Pretax realized net investment gains and (losses)

46

Ameriprise Financial, Inc.

Disclosed  Items

First Quarter 2007

	Asset Management					Annuities		Protection
	Investment					Investment		Investment
(in millions, unaudited)	Gains (1)		EITF 04-5 (2)			Gains (1)		Gains (1)		Consolidated
Revenues
Management and financial advice fees	$	—	$	(2	)	$	—	$	—	$		(2	)
Distribution fees	—		—			—		—		—
Net investment income	2		2			6		1		11
Premiums	—		—			—		—		—
Other revenues	—		12			—		—		12
Total revenues	2		12			6		1		21
Banking and deposit interest expense	—		—			—		—		—
Total net revenues	2		12			6		1		21
Expenses
Distribution expenses	—		—			—		—		—
Interest credited to fixed accounts	—		—			—		—		—
Benefits, claims, losses and settlement expenses	—		—			—		—		—
Amortization of deferred acquisition costs	—		—			—		—		—
Interest and debt expense	—		—			—		—		—
General and administrative expense	—		12			—		—		12
Total expenses	—		12			—		—		—
Pretax income	$	2	$	—		$	6	$	1	$	9

⁽¹⁾      Pretax realized net investment gains and (losses)

⁽²⁾In accordance with EITF 04-5, reflects consolidation of property fund limited partnerships managed by Threadneedle and hedge fund limited partnerships managed by RiverSource

47

Exhibit D

Statistical Supplement Package

(unaudited)

First Quarter 2008

Prior Statistical Supplement Reconciliation Tables

Ameriprise Financial, Inc.

Reconciliation of Adjustments Affecting Historical Statistical Supplement Presentations

(in millions unless otherwise noted, unaudited)	1 Qtr 2007		2 Qtr 2007		3 Qtr 2007		4 Qtr 2007
Owned, Managed, and Administered Assets (1) (in billions)
Balances - as previously reported
Owned	$	40.4	$	43.0	$	44.0	$	43.5
Managed
External clients	305.3		310.5		315.4		307.0
Owned	58.1		58.2		59.0		58.7
Total managed	363.4		368.7		374.4		365.7
Administered	70.3		72.5		73.5		71.0
Total OMA assets	$	474.1	$	484.2	$	491.9	$	480.2
Balances - current presentation
Owned	$	35.8	$	38.5	$	39.6	$	39.6
Managed
External clients	305.3		310.5		315.4		307.0
Owned	62.7		62.7		63.4		62.6
Total managed	368.0		373.2		378.8		369.6
Administered	70.3		72.5		73.5		71.0
Total OMA assets	$	474.1	$	484.2	$	491.9	$	480.2
Total Managed Assets Reconciliations (1)
Balances - as previously reported
Managed assets - external clients	$	235,794	$	234,688	$	236,972	$	227,974
Managed assets - owned	58,111		58,249		59,029		58,672
Total managed assets	$	293,905	$	292,937	$	296,001	$	286,646
Balances - current presentation
Managed assets - external clients	$	231,242	$	230,220	$	232,634	$	224,070
Managed assets - owned	62,663		62,717		63,367		62,576
Total managed assets	$	293,905	$	292,937	$	296,001	$	286,646

⁽¹⁾A change due to classifying certain Threadneedle managed separate account assets as Managed - Owned as shown on pages 4, 7 and 13.

49